The American semiconductor-based company Nvidia has recently made history as it has left Microsoft behind, to become the world’s most valuable company, with a market capitalization of $3.335 trillion.
The company’s stock has witnessed a humongous rise in the past 18 months, which has touched 8,280% as of 2023.
Nvidia has smoothly completed a 10-to-1 stock split, thus generating an enthusiastic response from investors, pushing the stock price even higher.
The Rosenblatt Securities analyst Hans Mosesmann continues to remain bullish on the company, as it has set Nvidia’s price target from $140 to $200.
He further predicts that software aspect of the company will play a crucial role in increasing the valuation of the company, despite Nvidia’s strength lying in the hardware.
Overall, the company’s stocks have a huge support of analysts, as the semiconductor company enjoys 64 buy ratings, seven holds, and has a sell rating of just one.
Furthermore, its shares have increased to 165 per cent in 2024, Thus, adding $2 trillion in its market cap.
As a result, the positive analysts predict, that this company will soon hit $5 trillion in terms of its market value, in the coming year.
But according to some analysts, NVIDIA also has the potential to become $10 trillion company.
According to Lead Tech Analyst Beth Kindig, the company might touch reach this valuation by either 2030 or earlier.
How Company Managed To Grow So Fast?