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How High Could Nvidia's Stock Go This Year? [Yahoo! Finance]
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Last nvidia corporation earnings: 2/13 04:20 pm
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US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
And even though a business is growing, the inevitable question becomes whether the business is growing fast enough to justify its valuation. Nvidia (NASDAQ: NVDA) is an excellent example of that. At a market cap of $2.8 trillion, it has become one of the most valuable stocks in the world. Its valuation is getting close to that of Apple and Microsoft , which are both around $3 trillion in market cap There's a lot of growth on the horizon for Nvidia in both the short and long terms. But given all the growth opportunities out there in artificial intelligence (AI), is the stock still a good buy right now? Let's take a closer look at just how much higher Nvidia's stock could go this year. What does Wall Street expect? The consensus analyst price target for Nvidia's stock is currently $1,128. That suggests that Nvidia's stock has peaked and that it may be difficult for the tech giant to rally much higher from where it is right now. But analyst price targets typically look at where t
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