According to Susquehanna analyst Christopher Rolland, NVIDIA’s stock could surge to $500 by 2024, representing a potential upside of over 50% from current levels. Rolland cited the company’s dominance in the GPU market and its leadership in AI chips as key drivers for this bullish outlook. NVIDIA’s GPUs are essential for powering AI applications, and the growing demand for AI across various industries is expected to fuel the company’s growth. Additionally, NVIDIA’s recent acquisition of Arm Holdings could further strengthen its position in the AI chip market. Rolland believes that NVIDIA’s strong product pipeline, including its next-generation ‘Hopper’ GPU architecture, will enable the company to maintain its competitive edge and capitalize on the surging demand for AI and high-performance computing solutions. The analyst’s price target reflects the optimism surrounding NVIDIA’s prospects in the rapidly evolving AI landscape.