Is Nvidia (NVDA) Stock a Buy as Jensen Huang Doubles Down on His $4 Trillion AI Call?
TLDR
- NVDA dropped to $219 on September 11, its lowest level since September 2
- Jensen Huang reiterated his $3T-$4T AI market prediction at the Goldman Sachs Communacopia & Tech conference
- Q2 revenue hit $96.2 billion, up 106% year-over-year, beating estimates of $92.3 billion
- Nvidia guided for 70% revenue growth in fiscal year 2028, well above the 45% analyst forecast
- NVDA has formed a cup-and-handle pattern on the daily chart, with traders watching a potential move to $236
Nvidia (NVDA) stock slipped to $219 on September 11, down from a monthly high of $234, even as CEO Jensen Huang made a bullish case for the AI industry at a high-profile tech conference.
Huang appeared at the Goldman Sachs Communacopia & Tech conference on Thursday, exactly one year after he first made the same call. He reaffirmed his view that the AI market will reach $3 trillion to $4 trillion by 2030.
“The semiconductor industry is going to just keep getting larger and larger,” Huang said. He pointed to a new layer of computing, the end of Moore’s law, and growing demand for smarter AI models as the main drivers.
… Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (coincentral.com).
