Jensen Huang supports the ideas of Elon Musk / Nvidia
The chief executive officer of Nvidia, Jensen Huang, affirmed that the firm made an investment in xAI, the artificial intelligence establishment of Elon Musk, and voiced his disappointment at not having contributed even more substantially.
According to Delo.ua , this detail is noted in the TradingView analysis.
In a conversation with CNBC, Huang described the chance to fund the project as “ exceptionally thrilling “ and indicated his aspiration to engage with all endeavors initiated by Musk. In parallel, the originator of Tesla and SpaceX persists in amplifying his involvement within the realms of AI , aerospace, and groundbreaking technologies.
Huang also confessed his regret regarding the insufficiency of his investment in CoreWeave (CRVW) , a rapidly expanding AI data center enterprise deeply interwoven with the Nvidia hardware sphere.
These statements emerged following disclosures about a separate arrangement between Nvidia and OpenAI, wherein the chip manufacturer intends to allocate as much as $100 billion in the long run to bolster the construction of a minimum of 10 gigawatts of AI data centers that are based on Nvidia architectures.
Simultaneously, Nvidia’s rival , Advanced Micro Devices (AMD) , has similarly secured an agreement with OpenAI to roll out 6 gigawatts of AMD Instinct MI450 GPUs, with the initial stage anticipated in 2026.
Amidst the escalated expansion of expenditure on AI infrastructure, Nvidia endures as a pivotal figure in the industry’s most prominent alliances and monetary distributions.
Is Nvidia stock a worthwhile acquisition?
Based on the assessments of 54 analysts, the mean projected price for Nvidia shares over the ensuing year stands at $215.19, peaking at $389.73 and bottoming out at $ 100.00. This implies a conceivable increase of roughly +13.79% relative to the present market value of $189.11.
As per GuruFocus, the intrinsic worth (GF Value) of Nvidia shares within a year’s duration is approximated at $321.25, alluding to a prospective surge of +69.87%.
GF Value represents an estimation of the justifiable price at which a stock should be exchanged, determined through the utilization of past multiples, historical rates of corporate enlargement, alongside anticipations concerning forthcoming outcomes.
