In This Article:
Nvidia (NVDA) shares rose more than 170% in 2024, and according to Gerber Kawasaki Wealth and Investment Management president Ross Gerber, they can go even higher.
"Nvidia is printing money like Apple (AAPL) did in the early days of the iPhone," Gerber tells Yahoo Finance Executive Editor Brian Sozzi. "The opportunity for AI is somewhat limitless at this point, so one must think long-term because Nvidia is not a highly expensive stock, but it's not a cheap stock. The actual profits that they're driving and their monopoly position in the chip business just puts the next five years looking really good for Nvidia."
To watch more expert insights and analysis on the latest market action, check out more Catalysts here.
This post was written by Stephanie Mikulich.