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We asked ChatGPT what will be Nvidia (NVDA) stock price in 2030

We asked ChatGPT what will be Nvidia (NVDA) stock price in 2030
Jordan Major

Nvidia (NASDAQ: NVDA) is a leading semiconductor company that specializes in graphics processing units (GPUs) and artificial intelligence (AI) technologies.

AI and other non-traditional approaches are gaining popularity among investors to improve their ability to forecast the price of stocks, such as Nvidia share prices. This is owing to the many factors that have the potential to influence the stock’s price, including demand for GPUs in gaming and data centers, advancements in AI and machine learning, and global economic conditions.

Thus, due to the multiple variables, Finbold posed the question to the AI tool ChatGPT and asked it to suggest a likely range for the price of NVDA stock by 2030. ChatGPT stated:

“Based on these factors and other market conditions, a possible trading range for Nvidia’s stock price by 2030 could be between $1,000 and $2,500 per share.”

NVDA stock price prediction

While attempting to estimate the future price range, the ChatGPT tool may be helpful; nevertheless, it is also vital to consider other indicators, such as deep learning algorithms, technical analysis, and stock market experts’ price targets. 

Notably, CoinPriceForecast, the finance prediction platform that uses machine self-learning technology, to predict Nvidia’s stock price for the end of 2030.

According to the latest long-term forecast, retrieved on March 2, Nvidia’s price will climb above $1,000 in 2028. By the end of 2030, NVDA is predicted to hit $1,195, a 426% increase from today to the year’s end if the forecast is realized.

2030 NVDA price prediction: Source: CoinPriceForecast

Nvidia has been assigned a recommendation of ‘buy’ by most analysts working on Wall Street. Significantly, 25 people have recommended a “strong buy,” while just 4 people have recommended a ‘buy.’ Fourteen analysts had a ‘hold’ rating, and 2 with a ‘strong sell’ rating. 

Wall Street NVDA end-of-year price prediction: Source: TradingView

The average price projection for NVDA stock for the next 12 months is $247.07; this goal represents an 8.65% upside from its current price. It’s interesting to note that the maximum price forecast for the next year is $350, representing a gain of 54.20% from the stock’s current price of $226.

In recent years, Nvidia has experienced strong growth driven by the increasing demand for GPUs in gaming and data centers, as well as its investments in AI and machine learning technologies. The company has also expanded into new markets, such as autonomous vehicles and healthcare, which could support future growth.

However, Nvidia also faces challenges, including increasing competition in its core markets, supply chain disruptions, and regulatory and legal risks. Investors should consider various factors before making any investment decisions involving Nvidia, especially with highly speculative future price ranges.

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Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk. 

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