Navellier sees Nvidia market cap hitting $5 trillion in 2025 By
2024-06-12 04:20:12
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Navellier & Associates Chief Investment Officer Louis Navellier predicts a meteoric rise in Nvidia (NASDAQ:)'s market capitalization.

"Nvidia, in the wake of its 10-for-1 stock split, is expected to quickly pass Microsoft (NASDAQ:) in total market capitalization to become the largest public company," stated Navellier.

Navellier said in a note that he expects Nvidia to "blow through $4 trillion in market capitalization" and reach a staggering $5 trillion by 2025. This ambitious forecast hinges on the upcoming release of the successor to Nvidia's Blackwell chips.

Navellier downplays recent news of antitrust investigations into Nvidia, Microsoft, and OpenAI by the Justice Department and FTC. Citing a Wall Street Journal report, Navellier noted that these investigations "may ultimately come to nothing" and will not impede the progress of Artificial Intelligence.

A key factor in Nvidia's dominance, according to Navellier, is its substantial investment in next-generation generative AI chips. He claims that Nvidia's $2 billion expenditure renders competitor efforts "increasingly futile" due to Nvidia's superior technology.

Navellier goes as far as to suggest Nvidia is single-handedly leading the stock market, prompting Bloomberg TV to declare the 's "Magnificent Seven" has become "the Magnificent One and 499 other stocks."

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