Nvidia's stock rally has another 12-18 months left to go, according to S&P Global's Andrew Chang.
The stock has at least another year of "strong runaway" amid big demand for its chips, Chang said.
His comments bolster predictions of continued upside for Nvidia, Chang said in an interview with Schwab Network on Friday.
"It just confirms our view that we have strong runway for at least the next 12 months," Chang said.
Nvidia stock sold off in the weeks following its earnings report at the end of August, but the stock staged a fresh rally this week alongside other tech stalwarts including Oracle and Super Micro Computer.
Persons:
Andrew Chang, Chang, —, Jensen Huang, Goldman Sachs, Blackwell
Organizations:
Service, Nvidia, Goldman, Schwab Network, Oracle, Apple, Microsoft, Department of Justice, Bloomberg, Micro Computer, Nasdaq
Locations:
San Francisco