This Undervalued Stock Could Join Nvidia in the $3 Trillion Club
Since the start of 2023, a tech rally has boosted countless tech stocks. Advances in high-growth sectors like artificial intelligence (AI) have highlighted the massive potential of companies active in related fields like chip design and cloud computing. Nvidia (NASDAQ: NVDA) has been one of the biggest recipients of the bull run, with its shares up 785% since January 2023.
The company profited from increased demand for AI chips and its ability to supply its hardware to most of the market. At the start of last year, Nvidia's market cap was $360 billion. Yet, recent growth has seen it become the first chipmaker valued at more than $3 trillion, joining the ranks of companies like Apple and .
Nvidia's meteoric rise raises the question: what company could be next to hit such a milestone?
Source Fool.com
Microsoft Corp. Stock
With 115 Buy predictions and 3 Sell predictions Microsoft Corp. is one of the favorites of our community.
As a result the target price of 424 € shows a slightly positive potential of 17.0% compared to the current price of 362.4 € for Microsoft Corp..
