Nvidia Stock Could Surge (Another) 259% by 2030. This Artificial Intelligence (AI) Stock Could Soar Even Higher, According to 1 Wall Street Analyst.
If there's one company that exemplifies the opportunity represented by the accelerating adoption of artificial intelligence (AI), Nvidia (NASDAQ: NVDA) is arguably that company.
Its graphics processing units (GPUs) were already the gold standard for processing earlier versions of AI before generative AI burst on the scene early last year. These advancements required much greater computing horsepower than their predecessors, and Nvidia was there to answer the call, quickly becoming the go-to for running cutting-edge AI performance.
The result has been a parabolic stock price move that's been nothing short of breathtaking. Nvidia soared 147% over the past year, notching gains of 478% over the past three years (as of this writing). One Wall Street analyst believes Nvidia has much further to rise, predicting the stock could generate additional gains of 259% by 2030. However, this same analyst believes that rival Advanced Micro Devices (NASDAQ: AMD) could soar even higher.
Source Fool.com
Advanced Micro Devices Inc. Stock
The stock is one of the favorites of our community with 89 Buy predictions and 2 Sell predictions.
With a target price of 175 € there is a positive potential of 35.09% for Advanced Micro Devices Inc. compared to the current price of 129.54 €.
