Nvidia's stock is not priced for perfection and there is more to go: Analyst

William Stein of Truist Securities discusses the impact of Nvidia's earnings on the broader AI ecosystem and why he raised his price target on the stock.

[ParsianTV]

NVIDIA and semi conductor as a whole are just going to grow and there is a simple reason: the more we generate data, the more there is need for data centers. AI boom will also increase potential for other realm of computing including bio-informatics/computational pharama, ...Eventually, we are going to see more advanced models at different scales and inference utilization in IoTs (think of smarter IoTs), you cloths will have AI inference chips, you fridge and toaster will have inference chip... NVIDIA is recognized for training but often people miss out that they are a full stack company, better positioned than most competitors. They have inference chips in self driving cars, they supplying ARM based SoCs for next gen of consumer and enterprise products (new generation of Switch...), they have robotics efforts and most amazing software echo system.

[gainer]

AI is the Future and will continue to expand globally. Strong growth for NVDA... Palantir and SoundHound. Will VHAI .. GFAI and others be next. ?

[lucaspaciello]

Great video coverage traders show incredible resilience and discipline in the volatile market, masterfully balancing strategy and insight for success. Their dedication to continuous learning is inspiring. I'm especially grateful to Shea Ardolf, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[auboisdaline]

Honestly, this situation makes me uneasy, especially with the potential depression, not just a recession. I'm not sure about my $130K investment strategy given the economic uncertainty.

[syedarmaghanhassan]

Smart guy, Stein... I liked what he said! There is so so much more room to go up when it comes to NVIDIA's stock. The show is just getting started!

[JeffWilliamfick]

The main focus for markets now is Nvidia, which has powered a large chunk of the S&P 500’s recent earnings. Nvidia’s stock, up more than 90% this year, rose 2.5% in New York on Monday, sending the Nasdaq 100 index to another record high. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...

[CarolynSymank]

I appreciate the detailed breakdown of William Stein’s views on Nvidia’s impact on AI and his updated price target. It’s easy to get caught up in short-term price movements, but I’ve learned from experience that looking at the broader market trends is more effective. Dave Boozer’s approach, which includes analyzing market demand and future trends, has really helped me, even though I barely trade myself. For those interested in Nvidia, this kind of long-term insight is key.

[CavazosesBlanchards]

At this point, everyone should know that a storm is coming. Do yourself a favor and be prepared to buy more; for those who know where to look tho. Only fools sell during a crash. I accumulated over $1.8m in profits alone during the last crash and even pulled it off with ease in a bad economy.

[alexanderbSpeaker]

Every contributor says something different unbelievable 😂😅

[louistan]

Putting too many eggs in one basket is high risk.

[martinjrtremblay]

I think we should cancel all the other stocks and force everyone to invest only in those magnificent 7 since everyone knows and agrees their growth is endless. They cannot fail!!! How impressed one can be with market efficiencies in the last 5 years.

[JimRex-sfbt]

What happens to Nvidia if China takes over Taiwan?