Why Nvidia stock could soar more than 500% by decade’s end, says former consulting executive Ask NetWorth

• Bill Panaro predicts that Nvidia could rocket another 545% by the end of the decade.

• A former BCG executive said the company will rise because of the AI ​​revolution and the shift to Web3.

• He said the stock could see a “big bang” in 2025 after Blackwell’s release.

Nvidia According to one former consulting executive, the end of the decade is headed for a meteoric run-up.

Bill Panaro — a former senior adviser at Boston Consulting Group who also served as CEO of a BCG subsidiary — says the AI ​​chipmaker’s stock could hit $800 by 2030. That represents another 545% gain for the stock, which was trading at $122 a share in the middle. – The day is Friday.

The company headed by Jensen Huang will benefit Artificial Intelligence Revolutionas well as migrating from Web2 Web3Banaro predicts, referring to the idea that the next era of the Internet will be marked by blockchain technology.

Those improvements could result in larger spending from Nvidia’s customers, he said, pointing to estimates Goldman Sachs, CitigroupAnd Morgan Stanley Web3 will drive trillions in added value to the market.

“NVIDIA powers all of the accelerated computing, and to do that, they’re going to have a big share of it,” Panaro said in an interview. Schwab Network On Thursday. He later estimated that the company’s revenue could grow by a factor of 10, from $60 billion last fiscal year to $600 billion by 2030.

Investors won’t have to wait long to see some of those gains. While Panaro didn’t specify his short-term price target, he expects a “big bang” in the stock after Nvidia unveils its next-generation AI chip, Blackwell.

“Don’t sound too optimistic — it’s really inevitable that they’ll be able to keep making these chips,” he said later of the company’s upside potential. “AI penetration in the economy right now is actually less than 1%. So you still have all the corporates, cities, municipalities, governments, the military, they’re going to spend money to make sure they’re using AI effectively. So there’s tons more to spend.”

Few strategists are skeptical of Nvidia’s rally, with the stock up a monster 2,733% over the past five years. Analysts say some of that growth is “Exaggerators,” a small group of big tech companies are buying Nvidia’s chips in bulk.

But despite the concerns Customers may eventually leaveThe small group of buyers is actually a good sign that Nvidia’s business is scaling, Panaro said.

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“That’s really the best case for why it’s going to take off. Because if you look at all the other customers they’re not getting, 490 Fortune 500 companies haven’t fully embraced AI because they haven’t. All these cities and governments are going to redo from Web2 to Web3, and you “You have an AI arms race with countries and their militaries, which is an area where Nvidia hasn’t penetrated much,” Panaro said.

He continued: “The stock can go to the moon, basically, if they deliver.”

Panaro’s prediction leans toward the extreme end of forecasters, but Wall Street is generally feeling upbeat about the chipmaker’s stock, which is up 152% since the start of the year. Analysts have issued an average price target of $152 for the stock, a 25% upside from current levels, according to Nasdaq data.

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