Prediction: $2,304 Invested in Nvidia Today Will Be Worth Triple That Amount in 5 Years
Nvidia stock could be worth nearly $700 per share in five years.
Overview
Ahead of Labor Day, you could buy 10 shares of Nvidia (NASDAQ: NVDA) for $2,304. I think those shares could be worth around $6,900 in five years, or about 3 times what the stock trades for today.
Making such a bold claim, of course, requires some proof for the skeptics. First, I'll get into what makes Nvidia special and why its momentum is likely to continue; then I'll get into the math showing how the stock could triple by 2030.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.