Wall Street Analyst Predicts Nvidia as First $20T Company; Institutions Boost Stakes
One Wall Street analyst forecasts Nvidia’s data center business to double over the next two years, positioning the company to become the first $20 trillion firm. Trueblood Wealth and Sunburst Financial Group increased their Nvidia holdings by 16.2% (23,003 shares) and 11.3% (4,300 shares), respectively.
1. Analyst Forecasts Data-Center Growth and $20T Valuation
A Wall Street analyst projects that Nvidia’s data center revenue will double over the next two years, underpinning a forecast that the company could become the first to reach a $20 trillion market capitalization.
2. Trueblood Wealth Adds to Position
Trueblood Wealth Management raised its Nvidia stake by 16.2% during the quarter, purchasing an additional 3,211 shares to bring its total holding to 23,003 shares, representing a $4.29 million investment.
3. Sunburst Financial Boosts Nvidia Holdings
Sunburst Financial Group increased its position in Nvidia by 11.3%, acquiring 4,300 shares to reach a total of 42,515 shares, signaling continued institutional confidence in the semiconductor leader.