The odds of Nvidia crossing $1,000 again by year-end seem to be fluctuating daily. What's your take?
Looking at the current market, it feels like the big AI names are dancing on a razor's edge. Nvidia, in particular, after its last earnings, saw that significant dip, and while it's clawing back, I'm genuinely curious about the sentiment regarding it hitting $1,000 again before the end of Q4. I'd put the probability around 40-45% myself, largely dependent on any new, tangible AI partnerships or a significant breakthrough in custom chip demand that hits the news. On the flip side, continued macro uncertainty, or even a slight miss on next quarter's guidance, could easily see it consolidate in the 800s. There's a lot of capital still hunting for AI growth, but the bar is undeniably higher now.