🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

Navellier sees Nvidia market cap hitting $5 trillion in 2025

Published 06/11/2024, 12:27 PM
© Reuters
NVDA
-

Navellier & Associates Chief Investment Officer Louis Navellier predicts a meteoric rise in Nvidia (NASDAQ:NVDA)'s market capitalization.

"Nvidia, in the wake of its 10-for-1 stock split, is expected to quickly pass Microsoft (NASDAQ:MSFT) in total market capitalization to become the largest public company," stated Navellier.

Navellier said in a note that he expects Nvidia to "blow through $4 trillion in market capitalization" and reach a staggering $5 trillion by 2025. This ambitious forecast hinges on the upcoming release of the successor to Nvidia's Blackwell chips.

Navellier downplays recent news of antitrust investigations into Nvidia, Microsoft, and OpenAI by the Justice Department and FTC. Citing a Wall Street Journal report, Navellier noted that these investigations "may ultimately come to nothing" and will not impede the progress of Artificial Intelligence.

A key factor in Nvidia's dominance, according to Navellier, is its substantial investment in next-generation generative AI chips. He claims that Nvidia's $2 billion expenditure renders competitor efforts "increasingly futile" due to Nvidia's superior technology.

Navellier goes as far as to suggest Nvidia is single-handedly leading the stock market, prompting Bloomberg TV to declare the S&P 500's "Magnificent Seven" has become "the Magnificent One and 499 other stocks."

Latest comments

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.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.