On June 16, just its third day of trading, ****** e Exploration Technologies (NASDAQ: SPCX), also known as ****** eX, was briefly the fourth-largest company by market cap. Its stock has pulled back since then, but it's still in the top 10 as of June 25.
The ****** e company's fast rise drew comparisons to Nvidia (NASDAQ: NVDA), the chipmaker that's currently the world's most valuable business. Some Wall Street ****** ysts have even predicted that ****** eX's market cap could surpass Nvidia's. Here's a look at the most bullish projections and how these two companies really compare.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Nvidia's market cap sits at about $4.7 trillion, and multiple ****** ysts have set targets beyond that for ****** eX. Arete ****** yst Andrew Beale gave ****** eX a buy rating and a price target of $401 by the end of next year, which would translate to a market cap of about $5.3 trillion -- enough to surpass Nvidia's current market cap, although there's no telling exactly where it will be in the future.
Oppenheimer ****** yst Tim Horan predicts that ****** eX could be worth $10 trillion within five years. CNBC's Jim Cramer said ****** eX stock could grow very quickly after its IPO due to its small float, and he has made multiple market-cap predictions for it in television appearances, including $5 trillion and $6 trillion.
The ****** e company's fast rise drew comparisons to Nvidia (NASDAQ: NVDA), the chipmaker that's currently the world's most valuable business. Some Wall Street ****** ysts have even predicted that ****** eX's market cap could surpass Nvidia's. Here's a look at the most bullish projections and how these two companies really compare.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Nvidia's market cap sits at about $4.7 trillion, and multiple ****** ysts have set targets beyond that for ****** eX. Arete ****** yst Andrew Beale gave ****** eX a buy rating and a price target of $401 by the end of next year, which would translate to a market cap of about $5.3 trillion -- enough to surpass Nvidia's current market cap, although there's no telling exactly where it will be in the future.
Oppenheimer ****** yst Tim Horan predicts that ****** eX could be worth $10 trillion within five years. CNBC's Jim Cramer said ****** eX stock could grow very quickly after its IPO due to its small float, and he has made multiple market-cap predictions for it in television appearances, including $5 trillion and $6 trillion.
3 months ago
