Nvidia is 'generational opportunity', could grow to become 10-15% of S&P 500
According to the investment banking firm, Nvidia is not just a semiconductor company but an “ecosystem play” set to lead the age of parallel processing. “driven by an every 15-20 year Tectonic Shift in Computing."
Evercore's analysis indicates that Nvidia's growth is far from reaching its peak, with the firm outlining a base case for Nvidia's earnings per share power in 2030 at $69, and a bull case reaching $82. It also highlights that while high-profile stock splits often fuel short-term volatility, they also “reset the generational buying opportunity, time after time.” Nvidia's upcoming 10:1 stock split is expected to be a catalyst for a temporary surge followed by a strategic buying opportunity for patient investors.
“These names are long-term buy and hold stocks, cornerstone of an AI exposed portfolio,” Evercore added.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
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