Nvidia Analyst Raises Price Target By 78%: ‘Chipmaker Has Largest TAM Expansion Opportunity In All Of Tech’
Nvidia’s New Multibillion-Dollar Opportunity Could Be a Huge Catalyst
Nvidia (NASDAQ: NVDA) has been a top investment this year as share prices of the graphics card specialist have soared nearly 133% in 2021 on the back of terrific growth in its revenue and earnings. This terrific acceleration in Nvidia stock can be credited to positive Wall Street commentary and the company’s potential to take advantage of Facebook parent company Meta Platforms’ vision of creating a metaverse that aims to bring users into a virtual world where they could do things that they do in real life, such as work, play, or attend sports events, among others. Nvidia is expected to win big from the metaverse, as the graphics specialist already has a solution — Omniverse — that could simulate reality and help Meta Platforms develop its platform.