Semiconductor giant NVIDIA recently surged past Apple and Microsoft to become the most valuable company in the world. One analyst sees the trend continuing and predicts Nvidia will become the first company to hit a market capitalization of $4 trillion.
Nvidia’s Disruption To AI Sector: Led by “The Godfather” Jensen Huang, Nvidia is now in the lead among the big technology companies competing in a race to $4 trillion, Ives said.
The analyst, who has an Outperform rating on Nvidia and $120 price target, said Nvidia has now vaulted ahead of Microsoft with the AI Revolution now taking center stage. Ives describes the AI Revolution as the “1995 Moment” for the technology sector.
“We believe over the next year the race to $4 trillion market cap in tech will be front and center between Nvidia, Apple, and Microsoft,” Ives said.
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