A Once-in-a-Generation Investment Opportunity: 1 Artificial Intelligence (AI) Stock Set to Soar 77%, According to 1 Wall Street Analyst

Semiconductor company and artificial intelligence (AI) darling Nvidia (NASDAQ: NVDA) might just be the most well-known company on the planet right now. Considering the enormous role Nvidia plays in the AI movement, it seems like the entire technology sector hinges on how Nvidia's business is performing.

So far in 2024, Nvidia has grown its market cap by 127% -- currently hovering around $2.8 trillion. Nevertheless, one Wall Street analyst in particular is sounding the alarm and calling for even more growth.

Hans Mosesmann of Rosenblatt Securities recently increased his price target for Nvidia to $200 per share. Should Nvidia reach this price, it would imply a market cap of $5 trillion.

Source Fool.com