NVIDIA（Nvidia) In the last two days.market valueexperienced a dramatic evaporation totaling more than $200 billion (roughly Rs 1.45 trillion), causing it to fall from the throne of the world's highest market capitalization to the third spot. On Friday, the companyequity priceIt closed down more than 31 TP3T to settle at $126.57 per share, accumulating losses of more than 61 TP3T in consecutive days and shrinking its market capitalization to about $3.1 trillion, trailing tech giants Apple and Microsoft.
Despite the short-term volatility in market capitalization, Wall Street analysts remain optimistic about NVIDIA's future prospects.Melius Research analyst Ben Reitzes even raised his price target for NVIDIA from $125 to $160, the fifth time he has raised his price target for the company this year.According to Reitzes, NVIDIA is expected to capture a larger share of the enterprise application software market in the future, compared with Reitzes believes that NVIDIA's leadership in AI is more significant than that of other SaaS leaders, and expects it to capture a larger share of the enterprise applications market in the future.
In addition, NVIDIA is also actively expanding its software revenue, launched a cloud-based artificial intelligence infrastructure and services, and strive to win more customers outside the cloud computing giant. Market analysts pointed out that these initiatives are expected to bring NVIDIA nearly 10 billion U.S. dollars in revenue, but also shows the company's active layout for the future of the "sovereign AI" market.