I think any period before the AI bubble pops will be conducive for further growth, specifically for the companies that are directly involved with AI. So Meta, Google/Alphabet, Amazon, maybe Microsoft. So bofa will have to acknowledge that, because that is an obvious and "safe" answer.
On the flipside, if bofa is worth their salt, they know that the bubble will eventually pop and that there's some elements of gambling on making good money before the house of cards come crashing down.
Nvidia Hits $5T Market Cap; BofA Sets $300 Target: Your Take?
NVDA surged +4% to ~$216, pushing its market cap above $5 trillion to an all-time high and reclaiming the title of world's most valuable company. Major tech earnings have further confirmed AI compute budget expansion, with markets continuing to price a data center supercycle premium into NVDA. BofA's latest research note sets a $300 price target.
With $5T now in the rearview, can NVDA's narrative hold?
Can Big Tech AI capex beat expectations this week?
Will NVIDIA hit $300 this year?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments