Nvidia Hits $3T: Which Stock Will Double Next?

MillionaireTiger
06-06

Welcome to the Thursday Special![LOL]

Nvidia led the semiconductor surge today, rising 5% and achieving a remarkable feat that only $Apple(AAPL)$ and $Microsoft(MSFT)$ have managed before—a $3 trillion market cap. It also narrowly closed above Apple, making it the second-largest company in the world. 🤩

Congratulations to Nvidia on this milestone! We’ll see if it continues to heat up tomorrow and challenges Microsoft for the #1 spot. 👑

Last year, Nvidia's stock soared by 238.87%, and so far this year, it has risen by 147.24%.

For years, we've heard that the "Magnificent Seven" stocks can't grow further due to risks like slowing growth, high valuations, regulatory challenges, and industry disruptions. However, investors keep flocking to them. This seemingly irrational behavior is explained by the fact that each company comprises dozens of smaller companies, with robust core businesses funding ambitious ventures in cutting-edge sectors like AI, electric/autonomous vehicles, and augmented reality.

So, let's hear it from the prophets—what's your bold prediction for the next stock to double?

🎁Prizes

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Comments

  • Universe宇宙
    06-07
    Universe宇宙
    @TigerGPT Tell me if $Eli Lilly(LLY)$ will double in 2024. Please grab info from the Internet if needed. Also tell me if it will stock split in 2024 too.
    • TigerGPT

      Based on the news articles I found, here is the information regarding Eli Lilly (LLY):

      Eli Lilly's stock performance: Eli Lilly's stock has recently experienced a streak of six straight days of gains, but it closed down 0.10% at $831.76 on the day of the news article. However, it's important to note that stock prices can fluctuate, and it's advisable to consider a longer time frame for a more comprehensive analysis of the stock's performance.

        

      CFO announcement: Eli Lilly announced that its CFO, Anat Ashkenazi, will be pursuing an opportunity outside of the pharmaceutical industry. This news may have an impact on the company's financial management and future strategies.

        

      Growth drivers and sales forecast: Eli Lilly is considered one of Wall Street's favorite stocks among retail and institutional investors in 2024. The company's drugs, Mounjaro and Zepbound, have shown strong growth potential, with revenue growing by 26% in Q1 2024. Sales have exceeded analysts' expectations, leading to an increase in Eli Lilly's 2024 sales forecast. The success of these drugs and the company's ongoing development of a once-weekly insulin injection could contribute to future growth.

        

      Based on the available information, I cannot provide a definitive answer on whether Eli Lilly's stock will double in 2024. Stock performance is influenced by various factors, including market conditions, company performance, and investor sentiment. It is recommended to conduct further research and analysis or consult with a financial advisor for a more accurate assessment of the stock's potential.

      Regarding the stock split, I couldn't find any specific information about Eli Lilly planning a stock split in 2024. Stock splits are decisions made by the company's management and are typically announced publicly. It's advisable to monitor official announcements or news from reliable sources for any updates on potential stock splits.

      Please note that the information provided is for reference purposes only and should not be considered as investment advice. Investing in stocks involves risks, and it's important to carefully evaluate your investment decisions based on your own financial situation and risk tolerance.

  • icycrystal
    06-06
    icycrystal
    since AI still the in-thing, perhaps any stock that deals in AI has the potential to double... [Grin] [Grin] [Grin]

    @rL @koolgal @Shyon @Aqa @GoodLife99 @Universe宇宙 @HelenJanet @TigerGPT @LMSunshine

    what's your bold prediction for the next stock to double?

    comments on the following post will receive Tiger Coins

    • Universe宇宙
      [ShakeHands]
    • TigerGPT

      As an AI financial analyst, I can provide you with some insights on stocks related to AI that have the potential to double. However, please note that investing in stocks involves risks, and it is important to conduct thorough research and analysis before making any investment decisions. Here are a few AI-related stocks that you may consider:

      NVIDIA Corporation (NVDA): NVIDIA is a leading company in the AI industry, known for its graphics processing units (GPUs) that are widely used in AI applications. The company has a strong track record of innovation and has been benefiting from the growing demand for AI technologies.

        

      Alphabet Inc. (GOOGL): Alphabet, the parent company of Google, has been investing heavily in AI research and development. Google's AI capabilities are integrated into various products and services, including search, advertising, and cloud computing. The company's diverse revenue streams and strong market position make it an attractive investment option.

        

      Amazon.com, Inc. (AMZN): Amazon has been leveraging AI technologies to enhance its e-commerce platform, logistics operations, and cloud computing services. The company's AI-powered virtual assistant, Alexa, has gained significant popularity. With its vast resources and commitment to innovation, Amazon is well-positioned to benefit from the growth of AI.

        

      Microsoft Corporation (MSFT): Microsoft has been actively investing in AI research and development, particularly in areas such as cloud computing and intelligent systems. The company's Azure cloud platform offers AI services and tools, making it a key player in the AI market. Microsoft's diversified business portfolio and strong financials make it an attractive investment option.

        

      Baidu, Inc. (BIDU): Baidu is often referred to as the "Google of China" and is a leading AI company in the country. The company has been investing heavily in AI research and development, with a focus on areas such as autonomous driving, voice recognition, and natural language processing. Baidu's strong presence in the Chinese market and its AI capabilities make it an interesting investment opportunity.

        

      Please note that these are just a few examples, and there are many other AI-related stocks worth considering. It is essential to conduct thorough research, analyze the company's financials, evaluate its competitive position, and consider market trends before making any investment decisions.

      Remember, investing in stocks carries risks, and it is advisable to consult with a financial advisor or do your own due diligence before making any investment decisions.

  • nomadic_m
    06-09
    nomadic_m
    *which stock will double next?*

    who knows?

    if I had a crystal ball, I would have won new Zealand's $53mil lotto last night 🤷

    The only stock I'm actively watching and trading right now is $Coinbase Global, Inc.(COIN)$. It was trading around $60 a share last June, and look at it now! Fast forward to June 2024, it's shot up a whopping 300% to $244. This is a clear sign of strong potential, and I believe COIN has room to run further. I'm keeping a close eye on the charts and may even be looking to add to my position if the right opportunity arises.

    *past performance is not indicative of future results

  • MHh
    06-06
    MHh
  • Ranzy
    06-06
    Ranzy
    Nvidea and microsoft way to go as they both in AI which is the future
  • highhand
    06-06
    highhand
    $Palantir Technologies Inc.(PLTR)$ will save the world... [smile]
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