The next 5 years look good for Nvidia: Investor

Nvidia (NVDA) shares are up more than 170% in 2024, and according to Gerber Kawasaki Wealth and Investment Management president Ross Gerber, they could go even higher.

“Nvidia is printing money like Apple (AAPL) did in the early days of the iPhone,” Gerber told Yahoo Finance Executive Editor Brian Sozzi. “The opportunity for artificial intelligence is kind of limitless at this point, so you have to think long-term because Nvidia is not a very expensive stock, but it’s not a cheap stock. The actual profit they’re making and their monopoly position in the chip business is just looking bodes well for the next five years for Nvidia.”

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This post was written by Stephanie Mikulich.