Will $50,000 Invested in Nvidia Stock Be Worth $1 Million in 10 Years?
Nvidia (NASDAQ: NVDA) has been a cornerstone of the artificial intelligence (AI) trade for several years. Its share price has increased 850% since January 2023, a period that roughly coincides with the launch of ChatGPT. But Wall Street is still overwhelmingly bullish on the semiconductor company.Angelo Zino at CFRA Research thinks Nvidia "will be the most important company to our civilization over the next decade." More broadly, among 73 analysts following Nvidia, the median 12-month target price is $175 per share. That implies 25% upside from its current share price of $140.Could Nvidia stock turn $50,000 into $1 million over the next decade? Here are my thoughts.Continue reading
Nvidia (NASDAQ: NVDA) has been a cornerstone of the artificial intelligence (AI) trade for several years. Its share price has increased 850% since January 2023, a period that roughly coincides with the launch of ChatGPT. But Wall Street is still overwhelmingly bullish on the semiconductor company.
Angelo Zino at CFRA Research thinks Nvidia "will be the most important company to our civilization over the next decade." More broadly, among 73 analysts following Nvidia, the median 12-month target price is $175 per share. That implies 25% upside from its current share price of $140.
Could Nvidia stock turn $50,000 into $1 million over the next decade? Here are my thoughts.
