1 AI Stock May Be Worth More Than Apple, Microsoft, Amazon, and Tesla Combined by 2030, According to a Wall Street Analyst

Beth Kindig, technology analyst at the I/O Fund, thinks Nvidia (NASDAQ: NVDA) will ride the artificial intelligence (AI) boom to a $10 trillion valuation by 2030. Should that forecast prove correct, the semiconductor company would be worth more than what Apple, Microsoft, Amazon, and Tesla are currently worth combined.Kindig's prediction implies substantial upside for Nvidia shareholders. The company's current market value of $3.5 trillion would need to increase 185% to reach $10 trillion. Hitting that target by 2030 would entail share price appreciation of 19% annually over the next six years.Of course, investors should never put too much stock in price targets (no pun intended), but Nvidia warrants closer consideration due to its strength in AI.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool