Nvidia shares have already skyrocketed 85% so far this year, but they still have a 22% upside potential until reaching USD 1,100, according to Goldman Sachs.
According to the analyst Toshiya Harithe company, which has a size of USD 2.28 trillionstill has a relatively attractive valuation compared to its technological peers, mainly due to the speed of its growth.
“We see positive earnings per share revisions driving another rally in the stock, especially with Nvidia trading at 35 times earnings, or just a 36% premium for our coverage universe to its average premium over the last three years of the year.” 160%”indicated the expert.
On the other hand, he said he is very encouraged by recent comments from large technology corporations that suggested in their balance sheet presentations that they will spend more money in artificial intelligence infrastructure in 2025after a 2024 of high investment.
In the case of Nvidia, these investments would drive the improvement of its revenues and profits as a result of the next-generation Blackwell AI chip that will be launched later this year.
“We believe Nvidia will remain the de facto industry standard for the foreseeable future given its competitive advantage spanning its hardware and software capabilities, as well as the installed base and ecosystem it has built over several decades, and the pace at which it is and we will be innovating for years to come.”Hari summarized.
Invest in Nvidia from Argentina
For those interested, from Argentina you can invest in Nvidia quickly and easily. All you have to do is open a client account in a brokerage company regulated by the National Securities Commission such as Bull Market Brokers, a free process that will not take more than five minutes, and, after depositing the desired funds, acquire Cedears.
Cedears or Argentine Deposit Certificates are instruments that are equivalent to buying the underlying stock listed abroad (NASDAQ: NVDA), but they can be traded in pesos (BCBA: NVDA) and follow the evolution of the CCL dollar, so they allow evade the Argentine risk and, at the same time, hedge against a possible exchange rate jump.
