Comment on Nvidia gained $2 trillion in its stellar 2024 rally. Here's what Wall Street sees for the chip titan this year.

Nvidia gained $2 trillion in its stellar 2024 rally. Here's what Wall Street sees for the chip titan this year.

Anna Kim/Getty, Tyler Le/BINvidia's wild rally could run on, even after the company gained $2 trillion in value last year.Analysts are ramping up forecasts for the chipmaker for the coming year. Wall Street is eyeing strong chip sales, increased AI spending, and the release of the Blackwell chip.Nvidia gained a staggering $2 trillion in market value last year amid the market's continued frenzy for artificial intelligence, and yet, the stock may have even more room to climb amid a flurry of catalysts in the coming year, according to Wall Street forecasters.Shares of the chip giant climbed 178% in 2024, making the company the third-best-performing stock in the S&P 500.Despite its dizzying valuation, Wall Street is still feeling bullish on the AI chipmaker, with analysts rolling out steadily higher price targets on bets the firm can continue to grow.The AI craze looks poised to continue this year, according to analysts at Wedbush Securities, creating another bullish backdrop for Nvidia.

 

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