Nvidia's red-hot rally to start 2024 has pushed many Wall Street analysts to adjust their targets
at least 5 firms hiking price targets on the artificial intelligence-darling this month. This week, UBS lifted its target to $850 from $580, Mizuho raised its target to $825 from $625. Demand for Nvidia’s H100 AI accelerators continues to outstrip supply, Mizuho’s Vijay Rakesh wrote in a client note, calling the stock the best AI play. Source: Bloomberg, HolgerZ
BREAKING: Nvidia, $NVDA, is now the 4th most valuable public company in the world, worth $1.84 trillion.
Today, Nvidia's market cap passed both Google and Amazon for the first time in history. Since January 1st, Nvidia has officially added $650 BILLION in market cap. That's more than the entire value of Tesla in less than 6 weeks. Source: The Kobeissi Letter
Nvidia’s chart has turned vertical!
Source: Carbon Finance
GPUs are harder to get than drugs...
Companies are desperate for GPUs (A graphics processing unit (GPU) is a specialized electronic circuit initially designed to accelerate computer graphics and image processing). Source: TME, CB Insights
$NVDA has rallied $222 per share in 2024.
Nvidia has 2.47 Billion shares outstanding. That's $222/share × 2.47B shares = $548B USA's largest bank, JP Morgan $JPM, has a total market cap of $504 Billion Said another way, Nvidia has added 1.1 x $JPM to its market cap in one month. Source: Trend Spider
Leave It Behind
NVDA 200 week moving average is down at $233 source : tme
Is nvidia the most fundamentally sound rally ever?
Chart below shows NVDA free cash flow per share vs share price. Source: TME, Goldman
Nvidia was only worth $9bn 10 years ago and is now worth almost $1.7tn, i.e. 184 times as much.
Source: HolgerZ, Bloomberg
