Despite its strong performance, some analysts suggest Nvidia's stock may be nearing its peak, with a median target price over the next 12 months of $850 per share, below its last closing price of $926. Nvidia's CEO, Jensen Huang, recently suggested that artificial general intelligence (AGI) could be achieved within five years, depending on how the goal is defined. This aligns with the ongoing efforts in Silicon Valley to develop computers with human-like cognitive abilities.
Key takeaways:
- Nvidia's market valuation has surged from $1 trillion to over $2 trillion in just nine months, surpassing Amazon.com, Google-parent Alphabet, and Saudi Aramco, making it the world's second-most valuable company after Apple.
- Nvidia controls 80 per cent of the high-end AI chip market, contributing to its 95 per cent surge this year and a 5 per cent weightage on the benchmark S&P 500 index.
- Despite its robust performance, analysts suggest Nvidia's stock may be approaching a peak, with a median target price over the next 12 months suggesting a valuation of $850 per share, below the last closing price of $926.
- Nvidia's CEO Jensen Huang has proposed that artificial general intelligence (AGI) might arise within five years, contingent on how the goal is defined.