Nvidia Set To Reach $10 Trillion Valuation As Blackwell Expected To Propel Chip Maker With 'Fireworks Again' In 2025, Analyst Predicts

Benzinga Neuro

September 01, 2024

NVIDIA Corp. (NASDAQ:NVDA) is projected to surge to a $10 trillion valuation, according to Beth Kindig, lead tech analyst at I/O Fund. Kindig highlighted the potential of Nvidia’s next-generation artificial intelligence chip, Blackwell.

What Happened: Kindig believes Nvidia’s Blackwell chip will significantly boost the company’s value, despite recent investor concerns over its valuation and production delays, Kindig said this in an interview with Yahoo Finance on Thursday.

Nvidia shares dropped over 6% on Thursday after narrowly beating second-quarter earnings expectations.

Kindig emphasized that Nvidia’s growth trajectory will become clearer once Wall Street revises fiscal estimates upward. She predicts that the release of Blackwell’s shipping volume figures in 2025 will be a pivotal moment for the company.

“That’s going to be fireworks, is how I would put it. Absolute, ultimate fireworks for Blackwell will come in first-quarter, with that second-quarter guide,” Kindig said. “Early next year will be fireworks again for Nvidia, and we will be on track for that $10 trillion.”

See Also: Dollar General Says Majority Of People Who Shop There ‘Feel Worse Off Financially’ Compared With 6 Months Ago Amid Price Hikes, Softer Employment Levels

Why It Matters: The anticipation surrounding Nvidia’s Blackwell chip is not new. Recently, Wedbush analyst Dan Ives compared Nvidia’s market dominance to LeBron James‘ early career, emphasizing the company’s potential for long-term growth.

Moreover, Nvidia’s push to maintain its lead in AI chips involves the development of larger, more complex processors. These new chips, as noted by analysts, are nearly double the size of their predecessors and pack 2.6 times more transistors, which has led to significant manufacturing challenges and impacted profit margins.

Despite these hurdles, the demand for Nvidia’s AI chips remains robust. JPMorgan analyst Harlan Sur noted that even slight delays in Blackwell’s production will not diminish the focus on AI from cloud service providers. Sur added that the demand for Blackwell could outstrip supply at least through mid-2025.

Additionally, the market is evolving beyond the “Magnificent 7” stocks, which include Nvidia, according to Piper Sandler analyst Craig Johnson.

Price Action: NVIDIA’s stock closed at $119.37 on Friday, up 1.51% for the day. In after-hours trading, the stock slightly dipped by 0.12%. Year to date, NVIDIA’s stock has surged by 147.81%, according to data from Benzinga Pro.

Read Next:

El Salvador President Nayib Bukele Says Bitcoin Uptake Hasn’t Been A ‘Resounding Success’ — ‘We Have Never Forced Anyone To Adopt It’

Image Via Shutterstock

This story was generated using Benzinga Neuro and edited by Kaustubh Bagalkote

Recommended

My No. 1 Oil Play for 2024 - Ad

Why Are These Strange "Accidents" Happening All Over America? - Ad

Forget AI, Imperium Is Expected to Grow 320,000% In 3 Years - Ad

Movies about Kamala Harris and Donald Trump hit theaters in October. Find out the differences between the movie and why one candidate wants a ban.

Scaramucci Says Melania Trump Would Prefer Kamala Harris To Donald Trump As President

Anthony Scaramucci has claimed that Melania Trump would rather see Kamala Harris win the presidency than her own husband.

Imminent FDA Decision Could End Obesity in America...

Imminent FDA Decision Could End Obesity in America... - Ad

...and spark a 224,000% sales surge for one tiny micro-cap stock. Channelnomics says it "Could have a greater impact on the world than artificial intelligence." BMO Capital calls it "A goldmine for investors." The Wall Street Journal says it's "A Gold rush."

Mother Sells Taylor Swift Tickets Over Star's Endorsement Of Kamala Harris: 'I'm Gonna Shake It Off, And I'm Done With You'

A mother has chosen to sell the Taylor Swift concert tickets she had bought as a birthday present for her daughter in response to the pop star's recent endorsement of Kamala Harris.

Huge payout expected for a rare coin bought by Ohio farm family and hidden for decades

TOLEDO, Ohio (AP) -- Three sisters from Ohio who inherited a dime kept in a bank vault for more than 40 years knew it had some value. But they had no idea just how much until just a few years ago.

Man Who Called Nvidia at $1.10 Says Buy This Now...

Man Who Called Nvidia at $1.10 Says Buy This Now... - Ad

In 2004, a man predicted Nvidia's rise. Now, he says a new company, which IPO'd in 2023, could soar like Nvidia. It signed a major deal with Apple for its AI tech in iPhones and iMacs. Could it be the next trillion-dollar company? See why he believes it's among "The Next Magnificent Seven."

UK says it's suspending some arms exports to Israel over the risk of breaking international law

LONDON (AP) — U.K. Prime Minister Keir Starmer's government said Monday that it's suspending exports of some weapons to Israel because they could be used to break international law — a move with limited military impact intended to increase pressure by Israel's frustrated allies for an end to .

E. Jean Carroll Case: Appeals Court Skeptical of Trump's Bid to Overturn Sexual Abuse Verdict

E. Jean Carroll's case sees an appeals court skeptical of Donald Trump's bid to overturn a $5 million verdict for sexual abuse and defamation.

Oil Surge Predicted...But Are You Ready?

Oil Surge Predicted...But Are You Ready? - Ad

Do you own oil and gas stocks? Or are you thinking about buying some? If so, you need to see my #1 oil play for 2024. But it's NOT oil stocks, futures, or anything you've likely heard about. Rather, it's an unusual way to potentially bank monthly income from the oil and gas markets.

Campbell wants to say goodbye to the 'soup' in its name. It isn't the first to make such a change

NEW YORK (AP) — Campbell is ready to drop the soup — at least from its official name.

Scaramucci: Trump Wins Billionaires' Support Despite Coming Off As 'Raging Lunatic,' Harris Backs A 'Ridiculously Stupid Idea'

Trump is someone who can't keep to his messaging and his rival Kamala Harris can gain an upper hand by going on offensive, says Scaramucci.

The No. 1 AI Stock of 2024 (Not Nvidia)

The No. 1 AI Stock of 2024 (Not Nvidia) - Ad

It's not Nvidia, Meta Platforms, Alphabet, or Amazon. But thanks to a recent major deal, an under-the-radar stock could become the No. 1 winner of the AI boom. "This company just teamed up with one of the biggest power players in the AI industry... yet you can still buy it for just one-twelfth the price of Nvidia -- the time to buy is NOW," says Marc Chaikin.

SEC Charges Galois Capital With Custody Rule Violations, Misleading Investors

SEC charges Florida-based firm Galois Capital for violating the Custody Rule and misleading investors about crypto assets.

Apple Reportedly Plans To Switch To OLED For All iPhones Starting 2025, Not Just The Top-Tier Flagships

Apple plans to transition all iPhone models, including the lower-priced iPhone SE, to OLED displays by 2025, phasing out LCDs and excluding Japanese suppliers like Japan Display and Sharp from its handset business.

4 Cryptos Set to Outperform Bitcoin in 2024

4 Cryptos Set to Outperform Bitcoin in 2024 - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on June 24th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

Polling Veteran Nate Silver Says Kamala Harris Got The Debate She Wanted As Fatigued Trump Couldn't Bring His 'A-Game' After The Initial Momentum

Vice President Kamala Harris seems to have emerged as the winner of the first presidential debate between her and Republican cand

What to Stream: George Strait, 'Rebel Ridge,' Astro Bot, 'Slow Horses' and Mormon influencers

“The Secret Lives of Mormon Wives,” a docuseries following young wives in Utah, and the suspenseful thriller “Rebel Ridge” are some of the new television, films, music and games near you.

Exposed: Democrats' Secret Plan to Keep Trump Out of the White House

Exposed: Democrats' Secret Plan to Keep Trump Out of the White House - Ad

Former advisor to the CIA, the Pentagon and the White House Jim Rickards just released this shocking new video exposing Democrats' secret plan to keep Trump out of the White House... Even if he wins the election. See the details and learn how to prepare... Because this could trigger the biggest constitutional crisis in our nation's history.

Kamala Harris To Unveil $50K Tax Deduction For Small Businesses To Counter Trump's Economic Policies As She Looks To Win Over Middle-Class Voters

Vice President Kamala Harris is set to unveil a major tax deduction initiative aimed at new small businesses, ahead of the 2024 election, marking a significant policy move in her campaign.

Red Lobster says it will soon exit bankruptcy protection after judge approves seafood chain's sale

NEW YORK (AP) — After months of dozens of restaurant closings and headlines about “endless shrimp” woes, Red Lobster is poised to soon exit from Chapter 11 bankruptcy protection.

Red-Hot AI Stock "Disappearing" Soon? (Get In Now)

Red-Hot AI Stock "Disappearing" Soon? (Get In Now) - Ad

Right now, there's an AI stock on the verge of being snapped up by a giant company... And when it does, its price could go flying. The potential gains could be astronomical. You want to get in before that happens... Otherwise the opportunity could pass you by. Your window to buy in is right now...

Stalled In Bureaucratic Limbo, This German City Struggles With Illegal Cannabis As Demand Surges

The slow response is largely due to complex bureaucratic requirements. Applicants must provide extensive documentation.

GameStop Shares Are Trading Higher: This Week In Review

GameStop Corporation (NYSE: GME) shares are up Friday. Here's what you need to know.

Seven Unknown AI Stocks That Could Dominate the Next Six Years

Seven Unknown AI Stocks That Could Dominate the Next Six Years - Ad

The original "Magnificent Seven" stocks generated 16,800% over the last 20 years. But now a new set of AI stocks is set to take over. Alex Green dubs them "The Next Magnificent Seven." And he's arguing that just $1,000 in each could turn into more than $1 million in less than six years.

Japan Leads Asia Markets Decline, Europe Slides; Crude Oil Falls below $70 - Global Markets Today While US Slept

US stocks close lower on weak manufacturing data and Fed rate cut uncertainty. Asian markets follow with major declines. Commodities and futures down.

China's Chipmaking Investments Top US, Taiwan, South Korea Combined: What It Means For Nvidia, ASML

China invests $25 billion in chipmaking equipment, surpassing spending by South Korea, Taiwan, and the U.S. This could impact top chipmakers and suppliers like NVIDIA and ASML.

Elon Musk: Without This Company, "Civilization Will Crumble"

Elon Musk: Without This Company, "Civilization Will Crumble" - Ad

Did you know that there's an investment that will give you the opportunity to collect "royalties" every time Nvidia makes a chip? Ex-Wall Street CEO Dylan Jovine calls this "the easiest windfall from the AI revolution." Even ChatGPT founder Sam Altman says AI depends on this company's work...

'Beetlejuice Beetlejuice' jolts box office with $110 million opening weekend

After 36 years of waiting, the juice is finally loose again in this time racking up a record-breaking $110 million in its premiere weekend.

Ethereum Co-Founder Vitalik Buterin Invests Ethereum Proceeds Into Aave, But Trader Says 'Not The Area To Buy'

Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin swapped a significant sum of ETH to deposit into a DeFi protocol, with traders predicting a bright future for it.

What If Kamala Wins? The 3 Words That Will Change Everything

What If Kamala Wins? The 3 Words That Will Change Everything - Ad

The same team that predicted Biden's downfall ... now warns of a new threat. Learn how to safeguard your future.

WHO and Africa CDC launch a response plan to the mpox outbreak

DAKAR, Senegal (AP) — The Africa Center for Disease Control and Prevention and the World Health Organization launched on Friday a continent-wide response plan to the outbreak of mpox, three weeks after WHO declared outbreaks in 12 African countries a .

Wall Street Could Head Higher As Traders Look Forward To Retail Sales Data Ahead Of Fed Decision, Tech Stocks On The Mend: Strategist Flags This As Best-Case Scenario For Market This Week

U.S. stocks are priming for a positive start on Tuesday ahead of the release of the key August retail sales report. Traders could throng the tech space as they seek to take advantage of the recent pullback.

The Last Time Gold Flashed This Warning Sign, the Market Dropped 80%

The Last Time Gold Flashed This Warning Sign, the Market Dropped 80% - Ad

Both President Trump and Elon Musk are warning about something that could send the market down 50%, real estate down 40% and savings accounts down 30%.

Mark Cuban Says He Would Buy Rupert Murdoch's Fox News And Elon Musk's X But There Are Some Obstacles: 'If I Had Enoughâ€¦ I'd Buy It In A Heartbeat'

Mark Cuban has expressed interest in acquiring both Fox News and Elon Musk's X, but he acknowledges financial limitations for Fox News and doubts Musk would sell his social media platform.

Trump Vs. Harris: Nate Silver Says Former President Now Ahead Of Vice President In Electoral College Odds After Adjusting For The DNC 'Bounce'

Pollster Nate Silver's latest election forecast shows former President Donald Trump slightly ahead of Vice President Kamala Harris in the race for the Electoral College, despite Harris leading in national polls.

Could You Retire on a Single AI Stock (Trading for Only $15)?

Could You Retire on a Single AI Stock (Trading for Only $15)? - Ad

Imagine what the perfect AI stock would look like...forefront of AI trend...virtual monopoly in its market... exempt from federal taxes. As you're about to see, this perfect AI stock does exist, and is currently trading for only $15. With just one investment, you could potentially set yourself up for massive financial gains.

US economic growth for last quarter is revised up to a solid 3% annual rate

WASHINGTON (AP) — The U.S. economy grew last quarter at a healthy 3% annual pace, fueled by strong consumer spending and business investment, the government said Thursday in an upgrade of its initial assessment.

Peter Schiff Highlights Bitcoin's Underwhelming Performance Against Gold In The Past 6 Months: 'The Momentum Has Flipped'

Renowned economist Peter Schiff recently pointed out a significant divergence in the performance of Bitcoin (CRYPTO: BTC) and gold over the past six months, a trend he believes is largely overlooked.

Silicon Valley Billionaires Are Quietly Buying Into What We Call the "Imperium" Boom

Silicon Valley Billionaires Are Quietly Buying Into What We Call the "Imperium" Boom - Ad

See why Bill Gates, Mark Zuckerberg and Peter Thiel are making huge bets on this breakthrough now.

More Hong Kongers tune out the news as they adapt to Beijing's tightening grip

HONG KONG (AP) — Hannah Wong cried when the Hong Kong government effectively forced and out of business three years ago. Among the last news outlets in the city willing to criticize the government openly, many saw their end as a sign that the old Hong Kong was gone for good.

Trending Now