Nvidia to be the first company to hit $4T market cap: Lumida CEO

As the AI race heats up, Ram Ahluwalia, Lumida Wealth Management CEO, joins Catalysts to discuss how the competition may weigh on Nvidia (NVDA). "I think we're still in the early innings for Nvidia. Nvidia clearly is capturing the bulk of the value capture in the sector and industry," Ahluwalia tells Yahoo Finance. He expects Nvidia stock to hit $150 by the end of 2024, especially as hyperscalers intend to spend between $50-$100 billion on GPU compute. Ahluwalia believes "there's no question" about Nvidia being the first company to reach a $4 trillion valuation. He argues, "We made a call earlier this year that Nvidia would be the most valuable company in the world. It achieved that milestone yesterday, and the demand for GPU chips is strong. And you're seeing enterprises start to get some ROI (return on investment) on it from the early adopters — Meta's (META) seen ROI on their CapEx (capital expenditures) spend. So, we think Nvidia's got plenty of room to grow from here." Of the "Magnificent Seven" players, he sees Nvidia as the AI winner alongside Alphabet's Google (GOOG, GOOGL) and Meta.
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[Jamesjerome]

*I agree that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, looking for companies to make additions to boost performance*

[matthew.m.stevick]

first to $10 trillion as well, as called by james cramer yeeeears ago. i was listening and buying. there is always a bull market somewhere 📈🇺🇸

[rihan]

Got in at NVDA190H at $1 but will be holding it till $50. Even at that price market cap is reasonable for its tech.

[limshibadhel]

Do it. NVDA190H already in my bags. I had a NVDA190H after ( your should I buy ) and I agreed and bought. I'm looking to stack more, too.

[DhananjayaDhananjaya-luuq]

Nice work. I’ve been on the NVDA190H train for a while, never sold as they are always building.

[lostsoul]

How does it make such sales to beat apple or google

[samratnarzary]

Always interesting analysis. But I am DCAing into my NVDA190H alts anyway

[rohitmodhe]

Depends on your finances . 1000$ in NVDA190H is 4000 NVDA190H if it goes to 50% of ath in 2024 thats a 600% gain. If it goes equal to ath . Its a 1200% gain.

[JunlaiAiguoc]

Market highs can sometimes be followed by corrections, but predicting the timing and extent of it is challenging. I've heard some analysts talk about a 'massive' correction. It makes me wonder if it's time to adjust my $2M portfolios or maybe even consider some defensive investments.

[rohanmirdha]

I believe NVDA190H will conservatively hit $5.00 by 2025. That's a 20x return from it's current price with very little downside. I'm buying all I can.

[rp_gamingh]

NVDA190H isn't shooting for US companies. They are building something far more sophisticated than Solana.

[Deepakpal-rxdj]

I understand why you choose NVDA190H since it will have selling preasure in the next bull.

[KailashKumar-boss]

I guess I am ultra risk lover. Even though I don't hold meme coins, I only hold NVDA190H and ETH . Fingers crossed 🤞 🤞

[sheduwaghunde-biwz]

You know NVDA190H is gonna go parabolic bro 🚀

[binodhkumar]

NVDA190H will literally shoot through the roof

[mohdazizali]

Buy ETH then convert to NVDA190H. When bull market comes convert to NVDA190H. Sell half at $3 and keep the remainder on chain.

[whynot]

guy can't even pronounce the name of the company..

[santoshsinghaniya]

I think people are sleeping on NVDA190H ecosystem.

[मोहम्मदखानसहता]

This is going to be a different bull market. With NVDA190H coming to scene. Ben basing off previous speculative markets. I can see 300, 000 next bull run.🎉🎉🎉🎉🎉

[Pamcheryl]

In recent weeks, lnvestors have become concerned that Nvidia has simply come too far, too fast, and they are wondering whether the hectic pace of AI adoption could continue. Nvidia answered that question with a resounding "yes, " but given the stock's parabolic gains, blockbuster results simply weren't enough.I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas..