Shares of Nvidia (NVDA) are seeing another record high after Keybanc raised its price target for the chip giant to $180 per share. Catalyst hosts Madison Mills and Seana Smith reveal how the call is affecting the stock’s move and some of the tailwinds giving the chipmaker a boost.
EMJ Capital founder Eric Jackson sat down with Yahoo Finance executive editor Brian Sozzi on the latest episode of Opening Offer to talk about Nvidia’s upward trajectory, believing it could accelerate to $250 per share by In the end of the year.
Watch Jackson’s full interview on Opening Offer.
For more expert insights and the latest market action, click here to watch this full episode of Catalysts.
This post was written by Melanie Riehl
Video Transcript
Meet some of the trending figures who were watching this morning’s video shares.
No wonder here, moving to the upside again this morning and Wall Street remained up just yesterday.
The bank’s chief analyst John then raised his price target on the stock to 180 from 130, implying a 37% upside.
We have more Polish positive reviews on Yahoo Finance is the opening offer of the brand new show This morning, EMJ Capital founder Eric Jackson told our executive editor Brian realized that there is a world where video can achieve a cap 6 trillion dollar market this year.
Listen, I could see this going, you know, between 202 50 per share by the end of this year.
Well, my reason is that um in the last five years, if you go back and look at what, you know, how the forward price earnings multiple has changed for NVIDIA over that five year period.
My belief is that, you know, we’re now growing again with NVIDIA and that’s interesting given what we’ve seen over the last couple of months here really with NVIDIA stock, of course, down.
But then we had several executives, including Ceo Jensen Juan, selling their shares in the stock which led to several days and was a possible reason that led to several days of decline in the name along with some macro concerns. and then potentially just a little profit, but it’s no surprise to see the stock rise today, especially after the amazing results we got on Shana from T MC.
Look at those June sales coming in at nearly 208 billion versus the estimate of around 156.
So a big beat there and that will be a positive signal for Nvidia TS MC is kind of their own chip maker.
And what’s also interesting has been how much attention this has definitely received at the institutional level, nothing new, but also just among retail traders.
And among the day traders, you talk about some of that interest within the stock and some of the data that BI has put together here over the last couple saying that the ETF S focused on NVIDIA has taken in 4.4 billion so far this year.
That’s roughly six times what they received in all of 2023.
And meanwhile, when you compare it to Tesla, Tesla is at just over a billion this year compared to 2.8 billion last year.
So a billion at Tesla this year compared to 4.4 billion at NVIDIA.
And I only mention this because I think it speaks to the excitement surrounding the stock, this gap that they’ve created at least for now.
In terms of AI demand, they’ve really been the face of this rally, clearly the biggest driver of gains we’ve seen year to date.
So whether or not that momentum is sustained, of course, that’s going to be the question as it’s been the last few quarters going into this earnings season and what we’re going to see from NVIDIA and some of the other market leaders whether or not , perhaps this indicates whether or not this rally will be able to sustain to a point higher or not or if we may see a broader pressure on stocks.
But we will see.
Yes, absolutely.
A lot to come in that earnings cycle will come here.