Nvidia (NVDA) stock bolted more than 25% higher intra-day today on strong demand for their artificial intelligence (AI) chips. This move puts Nvidia’s trailing 10-year total return well over 110x, and far ahead of Tesla’s (TSLA) return of 29x. In fact, Nvidia is now close to being added to the prestigious short-list of Trillion Dollar Assets.
Back in 2017, we wrote that we expected the first phase of the AI bubble to pause around late 2021, and that proved to be accurate. Today, we believe another mega AI bubble is in progress and we expect a somewhat shockingly high Nasdaq-100 peak sometime in late 2028.
Nvidia close to becoming first trillion-dollar chip firm after stellar forecast
Aditya Sony, 5/25/23