"Nvidia's Stock: Analyst Predicts Surprising Future Value After GTC Conference"
TL;DR Summary
Despite Nvidia's rich valuation, analyst Harsh Kumar predicts the stock could reach $1,050, citing the company's partnerships with AI firms, new GPU architecture, and the long-term potential of the AI chips revolution. With the semiconductor industry typically experiencing longer upcycles, Nvidia's strong profit margins and potential for continued growth make a compelling case for long-term investment, challenging the notion of the stock being overvalued at $850.
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