Nvidia Is the Hottest Stock-Split Stock on Wall Street. The Artificial Intelligence (AI) Company Could Be Worth $10 Trillion by 2030

The S&P 500 has rolled through 31 record highs while advancing 15% this year. Much of that upward momentum can be traced to semiconductor company Nvidia (NASDAQ: NVDA), the hottest stock-split stock on Wall Street due to its dominance in artificial intelligence (AI) infrastructure and its expanding purview across the AI economy.Nvidia shares have surged 155% year to date, such that the chipmaker alone has contributed nearly one-third of the gains in the S&P 500. According to S&P Global analyst Howard Silverblatt, not since IBM in the 1980s has a single company had such influence over the index.Nvidia's market capitalization is $3.1 trillion, making it the third-largest company in the world. But I/O Fund analyst Beth Kendig thinks the chipmaker will be worth $10 trillion by 2030. That prediction implies about 220% upside, and it carries weight because Kendig has an impressive track record where Nvidia is concerned.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Zum vollständigen Artikel