Nvidia Stock Set for Continued Growth Amid Strong AI Demand
Analysts predict Nvidia shares will climb over the next 12-18 months despite recent volatility and potential regulatory hurdles.
- Nvidia's stock is expected to rise significantly over the next 12-18 months due to strong demand for AI chips, according to S&P Global's Andrew Chang.
- Despite a recent 20% drop, Nvidia rebounded this week, with shares up nearly 16%, driven by renewed investor confidence.
- CEO Jensen Huang highlighted the substantial market opportunity for Nvidia's next-gen Blackwell GPUs and AI products during a Goldman Sachs conference.
- Major customers like Microsoft, Amazon, and Alphabet continue to increase their AI infrastructure spending, benefiting Nvidia's sales.
- Potential challenges include competition from customers developing their own AI chips and upcoming regulatory scrutiny, but analysts remain bullish on Nvidia's long-term prospects.