![]() He is now the 32nd richest person in the world with a net worth of $40 billion - up 189% so far this year. The company didn't provide information about how much revenue it generated from AI-specific businesses.Ĭonsequently, Nvidia CEO Jensen Huang's wealth has also nearly doubled this year, per Bloomberg Billionaires Index. Nvidia posted first-quarter revenue of $7.2 billion - beating Wall Street forecasts. Rakesh's endorsement of Nvidia followed the company's blockbuster first-quarter results from the generative artificial intelligence boom that was posted in May. "With demand for generative AI accelerating, we see significant opportunities for hardware suppliers powering the higher compute needs for large-language models, particularly AI powerhouse NVDA," Rakesh wrote, referring to the Santa Clara-based chipmaker by its stock symbol. That's 10 times his projection of $25 billion to $30 billion in AI revenues this year, he told Dow Jones on Monday. The company could generate around $300 billion in AI-specific revenue by 2027 with a 75% market share of AI server units, Rakesh added. He also expects Nvidia to maintain its dominant position in AI chips till at least 2027. De huidige CoinMarketCap-rang is 1164, met een marktkapitalisatie van 1,701,361 EUR. Mint Club is de afgelopen 24 uur 1.05 gedaald. We updaten onze MINT naar EUR prijs in real-time. The stock has surged 205% so far this year. Mint Club live prijs van vandaag is 0.000002 EUR met een handelsvolume van 24 uur van 15,907.48 EUR. Nvidia shares closed 0.7% higher at $446.12 apiece on Monday. Rakesh's previous price target for Nvidia was $400. Mizuho analyst Vijay Rakesh has given Nvidia's stock price another 20% upside to run - and even this new target of $530 is "conservative," according to a Sunday client note seen by Insider. The stock has already doubled so far this year and is trading around $446 apiece.Ĭhipmaker Nvidia's having a great year with its stock price doubling amid the artificial intelligence, or AI hype - and it could get even better. He added the chipmaker could generate $300 billion in AI-specific revenue by 2027. Mizuho analyst Vijay Rakesh said Nvidia's share price has another 20% upside to run on the AI boom. Jensen Huang, CEO of Nvidia, has seen his net worth double alongside a surge in the company's share price, thanks to the AI boom. ![]()
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