Nvidia and Super Micro Computer could produce colossal returns for shareholders.
Year to date, Nvidia and Super Micro Computer have been the best-performing stocks in the Nasdaq 100 and two of the three best-performing stocks in the S&P 500. Both companies have elected to split their stocks to make shares more affordable. Specifically, Nvidia completed a 10-for-1 stock split in June, and Supermicro has a 10-for-1 stock split planned for September.
Somewhat surprisingly, Wall Street remains bullish on both companies. The median price targets imply 21% upside for Nvidia and 22% upside for Supermicro, but certain analysts see much larger gains on the horizon.
In June, Beth Kindig at the I/O Fund published an analysis in Forbes that values Nvidia at $10 trillion by 2030, echoing a prediction Jim Cramer made two years ago. That implies 245% upside from its current market capitalization of $2.9 trillion.
In April, Ananda Baruah at Loop Capital raised his 12-month price target on Supermicro to $1,500 per share, which implies 165% upside from its current price of $567 per share. Similarly, Hans Mosesmann at Rosenblatt set his price target at $1,300 per share, implying 129% upside.
Here's what investors should know about these artificial intelligence (AI) stocks.
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