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Nvidia’s AI-Driven Rally Sparks ‘Golden Wave’ Prediction as Price Target Hits $250
Nvidia’s AI-Driven Rally Sparks ‘Golden Wave’ Prediction as Price Target Hits $250
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BTCCSquare news:
Nvidia surged 4% to a record $154.30, reclaiming its crown as the world’s most valuable company. Loop Capital analyst Ananda Baruah now projects a street-high $250 target, forecasting a $6 trillion market cap fueled by insatiable AI demand. "The math just works," Baruah asserts, citing hyperscalers and sovereign AI projects as key drivers.
Generative AI compute spending could reach $2 trillion by 2028, according to Loop’s models. The firm positions Nvidia at the epicenter of what it calls a "Golden Wave" of adoption, with demand scaling far beyond consensus estimates. This outlook suggests the chipmaker may lead the next phase of the AI market expansion.
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