The article discusses an analyst’s bullish outlook on NVIDIA’s stock price, driven by the surging demand for its chips used in artificial intelligence (AI) applications. According to Blackwell, an analyst at Oppenheimer, NVIDIA’s stock could potentially reach $800 per share by 2024, representing a staggering 70% upside from its current levels. The analyst cites the company’s dominance in the AI chip market and the rapidly growing adoption of AI across various industries as key factors driving this optimistic projection. Blackwell highlights NVIDIA’s strong competitive position, with its GPUs being the preferred choice for AI workloads due to their superior performance and efficiency. The analyst also notes the company’s strategic partnerships with major cloud providers and its expanding product portfolio, which positions NVIDIA to capitalize on the surging demand for AI solutions. Overall, the article paints a bullish picture for NVIDIA’s future, driven by the accelerating adoption of AI and the company’s leadership in the AI chip market.