A Wall Street Analyst Just Predicted Nvidia Would Hit a $10 Trillion Market Cap. Is That Actually Possible?
Nvidia (NASDAQ: NVDA) has been one of the best stories in the market with the stock up over 3,300% in the past five years. That's an incredible run that has taken its market cap to $2.8 trillion.
However, one Wall Street analyst recently predicted that the stock has a lot more room to run in the coming years. Beth Kindig of I/O Fund boldly forecasts that the chipmaker will hit a $10 trillion valuation by 2030.
Let's look at the reasons behind her prediction and if such a move is possible.
Source Fool.com