Riding the AI wave, Rui Sui analyst believes that NVIDIA will continue to rise and has raised its target price to $530.
In the latest report, Rui Sui analyst Vijay Rakesh pointed out that NVIDIA, as a leading player in AI computing power and chip manufacturing, has a &#34;dominant&#34; advantage in the AI chip market and is expected to capture a significant market share in the future.
Rakesh stated:
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Although NVIDIA may face more intense competition in the future, it is expected to maintain a &#34;significant&#34; market share. By 2027, AI-related revenue is projected to reach $300 billion.
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Furthermore, Rakesh mentioned that NVIDIA's revenue for this year could reach $25 billion to $30 billion, with an estimated shipment of approximately 100,000 AI products at an average selling price of $250,000 to $300,000. Although the average selling price may decrease to around $200,000 by 2027, Rakesh believes that the company could ship 1.5 million chip products by then, leading to a substantial increase in sales.
NVIDIA's stock price has surged over 200% year-to-date, surpassing the trillion-dollar market cap milestone. Rakesh believes that the stock price can continue to rise and has raised the target price from $400 to $530, stating that the new target is relatively conservative.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/c96ee691-affe-408d-812f-2d174f162c8b.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="NVIDIA Stock Price" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/c96ee691-affe-408d-812f-2d174f162c8b.png"/>
Rakesh believes that the impact of AI on NVIDIA's stock price could be beyond imagination, with an incremental value of approximately $20-300 per share, indicating a potential value of $486-760 per share for NVIDIA.

NVDA

AI has brought unimaginable upside potential to NVIDIA's stock price. Mizuho analyst Vijay Rakesh has raised NVIDIA's target price from $400 to $530.

Analyst: NVIDIA's advantage is "dominant", AI revenue will reach $300 billion in the next five years.