NVIDIA Stock Prediction: NVDA Price Forecast as Blackwell Sees AI Chips, Web3 Driving Growth to 2024

The article discusses NVIDIA’s stock performance and growth prospects, driven by its dominance in AI chips and potential opportunities in Web3. Key points: 1) NVIDIA’s stock has surged over 90% year-to-date, outperforming major indexes. 2) Analyst Tren Blackwell from Truist Securities sees NVIDIA benefiting from AI adoption across industries, projecting a $500 price target by 2024. 3) NVIDIA’s AI chips are widely used in generative AI models like ChatGPT, giving it a competitive edge. 4) The company is well-positioned to capitalize on the emerging Web3 and metaverse trends with its graphics processing units (GPUs). 5) Blackwell highlights NVIDIA’s strong financials, with revenue expected to grow over 20% annually through 2024.

Source: https://markets.businessinsider.com/news/stocks/nvidia-stock-prediction-nvda-price-forecast-blackwell-ai-chips-web3-2024-9