NVIDIA (NVDA) has seen explosive growth this year, with its shares up more than 200% so far this year. But can this momentum continue until 2025?
Stephen 'Sarge' Guilfoyle, one of the main collaborators of The Pro Streetjoined TheStreet to discuss his outlook on the ai company heading into the new year.
Related: Analysts Revisit Nvidia Stock Price Targets as Suppliers Update Outlook
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Full video transcript below:
CONWAY GITTENS: So you mentioned NVIDIA, so tell me, we've seen NVIDIA soar this year. He stumbled a bit at the end of the summer. Also Palantir, it was like all those stocks did the same thing back then. He is already recovered. It is practically at historical highs. Is NVIDIA expecting another year of explosive growth for NVIDIA stock?
STEPHEN GUILFOYLE: I'd love to let you know after November 20th when they report, but I'm still missing a name. I'm a little worried that the chart may be forming some sort of double top that has never stopped them before. It's something I have to keep an eye on and would probably prefer to see it consolidated a little bit or consolidated a little bit before that report in about a month. But because if not, you'll be setting yourself up for disappointment right here at this price.
I think with Jensen Huang working his magic on the call like he usually does, I think they'll be able to prepare. From what we are hearing. Blackwell says sales are going well. Demand is through the roof. It's not all just hype. I don't think so because they've taken the cover off the ball for five or six quarters in a row. So I don't doubt that NVIDIA will make it to the next quarter. This quarter. Just no, I wonder how far we can go with this before margins at least contract.
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