Tom Lee Predicts a 10x Boom for Nvidia: Breaking Down the Bull and Bear Cases [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
A couple of months ago, Lee provided an update on his outlook on chip megastar Nvidia (NASDAQ: NVDA) Nvidia's run over the last two years is nothing short of unprecedented. Excitement surrounding artificial intelligence (AI) has led to a generational surge in demand for Nvidia's data center services and graphics processing unit (GPU) chipsets. While it's natural to think that Nvidia's momentum is going to slow down at some point, Lee sees things differently -- calling for tenfold growth from current levels over the next decade. Below, I'm going to explore a bull and bear case surrounding Lee's 10x forecast on Nvidia. After carefully considering all angles, I hope investors can come away with more knowledge surrounding both the catalysts and headwinds that could impact Nvidia over the next decade. The bull case for Nvidia If you've been following my articles during the AI boom, you'll know that I see Nov. 30, 2022 as the unofficial start date of the AI revolution. Why so specif
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