TECH - 7 Reasons Why Nvidia Stock Will Hit $200: 'AI Begins And Ends With Nvidia' | Benzinga
Constellation Research founder and principal analyst Ray Wang expects Nvidia Corp (NASDAQ:NVDA) stock to hit $200 per share in the next 12 months.
The analyst provided seven reasons behind the call Monday on CNBC’s “Squawk Box.”
- Visionary CEO: Wang believes Nvidia CEO Jensen Huang is a visionary poised to set the chipmaker up for continued success. He suggested that every great Silicon Valley story starts with a great leader.
- High Barrier To Entry: It takes a long time to get a chip to market and there are very few competitors who are currently able to offer something in the same realm as Nvidia. Wang believes legitimate competition is going to remain scarce.
- High Switching Costs: “Once you’re in, you’re locked in because of the CUDA software. In order to access the chips, the software and the entire stack, you’re going to be locked in for quite some time,” Wang said.
- Dominant Market Share: Nvidia is in a dominant market share position ...