I'd put the odds of $NVDA touching $1200 by the end of Q3 at about 60%, largely dependent on their upcoming Hopper follow-up and continued strength in AI enterprise spend. The current market seems to be pricing in a lot of future growth, but a significant announcement could easily propel it further given the current climate for AI-related investments.
60% seems a bit optimistic given the current valuation. While AI is hot, there's always a risk of market correction or a competitor making significant gains. I'd lean more towards a slower climb.
60% seems a bit optimistic, given how much is already baked into the price. Even a strong announcement could see profit-taking if it's not a major upside surprise. What specific metrics are you watching beyond the Hopper follow-up?
While $1200 is ambitious, their track record for innovation and market capture is undeniable. It really boils down to how much new revenue those new chips can generate in a relatively short timeframe.
I'm not so sure about $1200 by Q3. A lot of that growth is already baked in, and while new products are exciting, they still need to translate into sales figures. I think we'll see some consolidation first.
That's a bold call, but I can see the logic. If they really knock it out of the park with the Hopper successor and enterprise demand keeps up its current pace, it's definitely within reach. My only concern is broader market sentiment.
I actually agree with your assessment. The AI narrative is so strong right now, and NVIDIA is at the forefront. A strong product announcement combined with solid earnings could absolutely push it higher than many anticipate.