NVIDIA stock will pass Microsoft next on way to $5 trillion - Navellier
On Wednesday, one of the biggest stories in the market was news that AI darling NVIDIA surged past Apple as the next company NVIDIA will surpass on its way to $5 trillion in market cap. Mr. Navellier is the Chief Investment Officer of Navellier & Associates, Inc., which is a family office managing over $1 billion.) passed Apple in market capitalization and will soon likely pass Microsoft in market capitalization in the upcoming weeks," Navellier stated.
Analysts have been bullish on the company's execution and AI prospects. On Wednesday, BofA Securities analysts reiterated NVIDIA as its top sector pick with a street-high price target of $1500. They see the company as best positioned to deliver AI services and are not worried about competition."Despite claims by rivals we see NVDA with a multi-year lead in performance, pipeline , incumbency, scale and developer support ," analysts stated.
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