247wallst.com Open in urlscan Pro
2606:4700:10::6816:2b6  Public Scan

Form analysis
2 forms found in the DOM

GET https://247wallst.com

<form id="searchform" class="field has-addons" method="get" action="https://247wallst.com"> <input type="text" name="s" value="" placeholder="Search 24/7 Wallst." id="searchbox" class="input"> <input type="submit" value="Search"
    id="site_search_button" class="subscribe button"> </form>

POST /workers/subscribe

<form class="field has-addons fwp-subscribe subscribe-input" action="/workers/subscribe" method="POST" data-tpid="" data-redirect="https://pages.247wallst.com/tnn-thanks" data-click-handler-set="1">
  <div><input class="catchyah" name="b_62cbc984d863f0b2261656aa4_ecddb11e1c" type="text"><br>
    <input name="list_id" type="hidden" value="126319581361866008"><br>
    <input name="utm_campaign" type="hidden" value=""><br>
    <input name="utm_source" type="hidden" value=""><br>
    <input name="utm_medium" type="hidden" value="inline_widget"><br>
    <input name="utm_term" type="hidden" value=""><br>
    <input name="utm_content" type="hidden" value=""><br>
    <input name="tc" type="hidden" value=""><br>
    <input name="tv" type="hidden" value=""><br>
    <input name="tpid" type="hidden" value="">
  </div>
  <div class="custom-email-field hide-on-subscribe">
    <div class="field has-addons input-border">
      <div class="control"><input class="input input-email is-medium recipient_email" required="" type="email" placeholder="Enter your best email"></div>
      <div class="control"><button class="button custom-button is-medium subscribe">Get Report Now — Its Free &gt;&gt;</button></div>
    </div>
  </div>
  <div class="subscribe-thanks">Check Your Email! “The Next NVIDIA” Report is Being Sent to Your Inbox Right Now</div>
  <input type="hidden" name="utm_campaign" value="the_next_nvidia_inline_widget"><input type="hidden" name="utm_source" value="247wallst"><input type="hidden" name="utm_content"
    value="desktop|prediction-meta-will-make-billions-for-nvidia|1431329"><input type="hidden" name="utm_medium" value="eoaCTALink"><input type="hidden" name="utm_term" value="247wallst"><input type="hidden" name="tpid" value="1431329"><input
    type="hidden" name="tc" value="668c5c2ea41b4">
</form>

Text Content

Skip to content
City Data Centers
Crime by State Cost of Living by State Population and Demographics by State
Crime by State
Alabama Alaska Arizona Arkansas California Colorado Connecticut
Delaware Florida Georgia Hawaii Idaho Illinois Indiana
Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts
Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada
New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio
Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee
Texas Utah Vermont Virginia Washington West Virginia Wisconsin
Wyoming
Cost of Living by State
Alabama Alaska Arizona Arkansas California Colorado Connecticut
Delaware Florida Georgia Hawaii Idaho Illinois Indiana
Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts
Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada
New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio
Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee
Texas Utah Vermont Virginia Washington West Virginia Wisconsin
Wyoming
Population and Demographics by State
Alabama Alaska Arizona Arkansas California Colorado Connecticut
Delaware Florida Georgia Hawaii Idaho Illinois Indiana
Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts
Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada
New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio
Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee
Texas Utah Vermont Virginia Washington West Virginia Wisconsin
Wyoming
Technology
Apps & Software Consumer Electronics Telecom & Wireless
Trending



HAS APPLE SOLD 20 MILLION IPHONE 15S?

Investors face a difficult problem. How do they handicap iPhone...
Investing
Analyst Upgrades Bankruptcy Buffett Corporate Governance Corporate Performance
Dividends and Buybacks Earnings ETFs and Mutual Funds International Markets IPOs
and Secondaries
Mergers and Acquisitions Personal Finance Rumors Value Investing
Trending



5 SIZZLING CATHIE WOOD ARK INVESTMENT STOCKS TRADE...

These are five stocks for aggressive investors looking to get...
Economy
Government Regulation Housing Jobs
Trending



THE STATE WITH THE HIGHEST DIVORCE RATE

Almost 700,000 people get divorced each year, causing havoc with...
Special Report
Brands and Products Cities Countries States
Trending



THESE AMERICANS OWN THE MOST GUNS: EVERY STATE RANKED

Gun ownership is a constitutional right in the United States,...

Technology


PREDICTION: META WILL MAKE BILLIONS FOR NVIDIA

CasarsaGuru / E+ via Getty Images
Trey Thoelcke
Published: October 14, 2024 9:15 am


24/7 Wall St. Insights

 * Nvidia Corp. (NASDAQ: NVDA) relies on major customer Meta Platforms Inc.
   (NASDAQ: META) for much of its revenue.
 * Developments between them this year bode well for both companies and their
   stocks.
 * But is Wall Street on board?
 * Also: 2 Dividend Legends to Hold Forever.

After tremendous growth since the beginning of 2023, Nvidia Corp. (NASDAQ: NVDA)
stock’s momentum stalled this summer, with its market capitalization swinging
above and below $3 trillion. The artificial intelligence (AI) darling will need
to resume that moment if it wishes to be the first publicly traded U.S. company
to reach a value of $5 trillion, as some have predicted it will. To do that, it
will need to lean on its biggest customers.



Bloomberg estimates that Nvidia receives 40% of its revenue from the mega-cap
tech companies, particularly those that are Magnificent 7 members along with
Nvidia. As much as 13% of that revenue comes from Meta Platforms Inc. (NASDAQ:
META) in particular.


META AND NVIDIA

David Ramos / Getty Images
Mark Zuckerberg sees billions spent on Nvidia chips.

Meta CEO Mark Zuckerberg said earlier this year that Meta would be spending
“billions of dollars” on AI chips from Nvidia because AI would be its biggest
investment focus in 2024. In April, Meta raised its capital expenditure plans to
between $35 billion to $40 billion on AI research, data centers, and other
infrastructure costs. That was up from a previous forecast of $30 billion to $37
billion.

As of July, Meta was speculated to have 600,000 Nvidia graphics processor units
(GPUs) installed across its servers in data centers. As AI products grow more
complex, the amount of time it takes to train them rises exponentially. So too
the demand for computing power to speed up the process increases.

Zuckerberg and Nvidia CEO Jensen Huang traded praise for each other when they
appeared together at a Q&A session at a graphics conference in August. And Meta
said recently that its infrastructure expenses would rise again in 2025 as it
purchased even more data center components. This all bodes well for both
companies and for their stocks. Let’s take a look at what Wall Street expects.




META STOCK

Derick Hudson / iStock Editorial via Getty Images
Analysts are cautious for now.

Meta’s share price is about 340% higher than it was two years ago, when the AI
tidal wave began. The stock has also outperformed the Nasdaq year to date, with
a gain near 66% in that time. Keeping up the momentum would put in on a path to
a $2,570 share price and a $6.6 trillion market cap in two years.

However, the consensus price target is only marginally higher than the current
share price, meaning analysts see little upside at this time. Yet, the high
price target is $811, which would be gain of nearly 39% in the next 12 months.
Despite the analysts’ caution in terms of upside potential, 56 out of 64
recommend buying shares, 20 of them with Strong Buy Ratings.


NVIDIA STOCK

BING-JHEN HONG / iStock Editorial via Getty Images
A future market cap how high?

In the past two years, the share price has added about 1,100%. The Nasdaq has
seen a gain of less than 78% in that time. Since the beginning of this year, the
stock is nearly 173% higher, almost all of that gain before June. If the
momentum resumes, it could be on a path to a $1,470 share price and an almost
inconceivable market cap in two years.



Wall Street currently does not see that happening. The analysts have a consensus
price target of $148.23. That represents about 11% upside potential in the next
12 months. And it would give us a $165 share price two years from now. Of 38
analysts who cover Nvidia stock, 21 of them have Buy or better ratings. Note
though that analyst sentiment has softened in the past couple of months.

 

“THE NEXT NVIDIA” COULD CHANGE YOUR LIFE

NVIDIA has returned 250-fold in the past 10 years as artificial intelligence
took off.

But if you missed out on NVIDIA’s historic run, your chance to see life-changing
profits from AI isn’t over.

The 24/7 Wall Street Analyst who first called NVIDIA’s AI-fueled rise in 2009
just published a brand-new research report named “The Next NVIDIA.”

The report outlines key breakthroughs in AI and the stocks ready to dominate the
next wave of growth. The report is absolutely free. Simply enter your email
below











Get Report Now — Its Free >>
Check Your Email! “The Next NVIDIA” Report is Being Sent to Your Inbox Right Now
By providing your email address, you agree to receive communications from us
regarding website updates and other offerings that may be of interest to you.
You have the option to opt-out of these emails at any moment. For more
information, please review our Disclaimer and Terms of Use.

Read more: Technology, CEO Jensen Huang, CEO Mark Zuckerberg, Meta stock, Nvidia
stock

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.




LATEST FROM 24/7



CAN NVIDIA STOCK (NVDA) RALLY PAST $200 PER SHARE?


SOFI TECHNOLOGIES (SOFI) PRICE PREDICTION AND FORECAST 2025-2030


PALANTIR TECHNOLOGIES (PLTR) PRICE PREDICTION AND FORECAST 2025-2030


Home
About Us
Disclaimer and Terms of Use
Privacy Policy
Contact Us
Advertise
© 2024 24/7 Wall St.

✕
Do not sell or share my personal information.
You have chosen to opt-out of the sale or sharing of your information from this
site and any of its affiliates. To opt back in please click the "Customize my ad
experience" link.

This site collects information through the use of cookies and other tracking
tools. Cookies and these tools do not contain any information that personally
identifies a user, but personal information that would be stored about you may
be linked to the information stored in and obtained from them. This information
would be used and shared for Analytics, Ad Serving, Interest Based Advertising,
among other purposes.

For more information please visit this site's Privacy Policy.
CANCEL
CONTINUE


Information from your device can be used to personalize your ad experience.

Do not sell or share my personal information.
A Raptive Partner Site