Nvidia's Stock Price Target Exceeds $700

Nvidia continues to grow against the backdrop of high demand in the artificial intelligence sector. The company's market capitalization has already reached 5 trillion dollars, and some analysts believe that its stock price will increase even further next year.

According to some forecasts, Nvidia's stock price could rise to $743 per share. In such a case, the company's total value would approach 15 trillion dollars, which is a very high benchmark.

The main driver of Nvidia's growth is its new chip platform Vera Rubin. It is already in the production stage and should reach the market in the coming months. The platform is designed for complex artificial intelligence systems that require fast processing of large volumes of data.

According to Nvidia's CEO Jensen Huang, orders for Vera Rubin and Grace Blackwell could reach 1 trillion dollars by 2027. For comparison, the company's revenue over the last 12 months was $253.5 billion.

Analysts note, however, that maintaining the stock price above $700 in the near year will be challenging. Nevertheless, 94% of the surveyed analysts still rate Nvidia's stock purchases positively, as the company's new chips are considered the main source of revenue growth.

Source: Yahoo Finance