Nvidia (NVDA) Is Top Stock in This $68B Market Amid 120% Upside
There is no denying that the first several months of the year have not been kind to the Magnificent 7. However, that is beginning to change, with the US stock market sporting a small turnaround last week. Moreover, it established Nvidia (NVDA) as a potential top stock in this emerging $68 billion market that could give shares 120% upside.
The company was the most dominant in the US stock market throughout 2024. Indeed, shares had increased more than 174% in value over the course of that year, with all eyes on how it would follow that up. With increased macroeconomic pressure, it has underperformed so far, but that could be subject to change in a big way.
Also Read: Nvidia (NVDA) Has $1T Opportunity Amid Stocks 50% Upside
Nvidia Emerging as Potential Leader in New $68 Billion Market as Stock Could Surge
The US stock market retreated yet again Monday, as the Dow Jones reversed four days of gains to start the last week of April. That has once again hammered away at top tech stocks, with mega-cap companies struggling to gain any momentum so far in 2025.
That could be set to change, however, with one of the biggest firms on the planet. Indeed, Nvidia (NVDA) is set to be a leader in an emerging $68 billion market, as the stock has 120% upside emerging. Although the first three months have seen it struggle, there is one overlooked reality that could bring the share value back up.
Also Read: Why Magnificent 7 Stocks are Rallying Today: AAPL, AMZN, & More
Specifically, the company has been viewed as a top participant in the development of autonomous driving stocks. The market was worth more than $68 billion last year, according to Grand View Research. Moreover, the AI chipmaker is expected to play a key role in its continued growth.
Nvidia has debuted its DRIVE platform, with a host of AV solutions coming to the forefront. This includes in-car AV hardware and different AI infrastructures. The semiconductor stock plays a fundamental role in all computer systems, including those critical to the arrival of self-driving cars.
This is why the stock has had a massive high-end projection forming. Although it fell more than 3% on Monday, that is expected to change. According to CNN data, NVDA has a $235 bull case projection, up 120% from its current position. Moreover, it boasts a media target of $160, representing 49% upside in that case.
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Nvidia (NVDA) Is Top Stock in This $68B Market Amid 120% Upside
There is no denying that the first several months of the year have not been kind to the Magnificent 7. However, that is beginning to change, with the US stock market sporting a small turnaround last week. Moreover, it established Nvidia (NVDA) as a potential top stock in this emerging $68 billion market that could give shares 120% upside.
The company was the most dominant in the US stock market throughout 2024. Indeed, shares had increased more than 174% in value over the course of that year, with all eyes on how it would follow that up. With increased macroeconomic pressure, it has underperformed so far, but that could be subject to change in a big way.
Also Read: Nvidia (NVDA) Has $1T Opportunity Amid Stocks 50% Upside
Nvidia Emerging as Potential Leader in New $68 Billion Market as Stock Could Surge
The US stock market retreated yet again Monday, as the Dow Jones reversed four days of gains to start the last week of April. That has once again hammered away at top tech stocks, with mega-cap companies struggling to gain any momentum so far in 2025.
That could be set to change, however, with one of the biggest firms on the planet. Indeed, Nvidia (NVDA) is set to be a leader in an emerging $68 billion market, as the stock has 120% upside emerging. Although the first three months have seen it struggle, there is one overlooked reality that could bring the share value back up.
Also Read: Why Magnificent 7 Stocks are Rallying Today: AAPL, AMZN, & More
Specifically, the company has been viewed as a top participant in the development of autonomous driving stocks. The market was worth more than $68 billion last year, according to Grand View Research. Moreover, the AI chipmaker is expected to play a key role in its continued growth.
Nvidia has debuted its DRIVE platform, with a host of AV solutions coming to the forefront. This includes in-car AV hardware and different AI infrastructures. The semiconductor stock plays a fundamental role in all computer systems, including those critical to the arrival of self-driving cars.
This is why the stock has had a massive high-end projection forming. Although it fell more than 3% on Monday, that is expected to change. According to CNN data, NVDA has a $235 bull case projection, up 120% from its current position. Moreover, it boasts a media target of $160, representing 49% upside in that case.
Read More