Gerstner says AI stocks including Nvidia are now at or within 10% of his year-end price targets.
“a lot of the AI related stocks are now at or within 10% of our end of year price target. And when you when you see that, take something like Nvidia,”
Gerstner notes buy-side estimates reach $5 per share for NVIDIA, implying $150 price target at 30x.
“There are numbers on the buy side that are as high as $5 a share. So if you if you go to $5 and you place a 30 times earnings multiple on that,”