Stocks
Analysts Predict Nvidia Stock Surge as Demand for Graphics Cards Skyrockets
Analysts have weighed in on several high-profile stocks and companies this week. One of the most notable calls came from Nvidia, where some analysts predict a sharp increase in demand for its graphics cards.
According to CNBC, J.P. Morgan analyst Harlan Conaway expects Nvidia's stock price to reach $800 per share by 2024, up from its current price of around $640.
Meanwhile, others have been less optimistic about the company's prospects. For example, Deutsche Bank analyst Ross Seymore has set a target price of $550 for Nvidia's stock.
In other news, analysts have also been discussing the performance of companies like SpaceX and Netflix. According to CNBC, one analyst expects SpaceX's valuation to reach $50 billion by 2025.