Nvidia's stock is on the rise, boosted by a cooling trade war with China and a significant deal to supply 18,000 AI chips to Saudi Arabia. This comes as Bank of America raised its price target for Nvidia to $160 per share, benefiting from improved earnings where revenue surged 78% year-over-year. CEO Jensen Huang highlighted advancements in AI technology, particularly with the Blackwell AI supercomputers, positioning Nvidia for continued growth. Analysts predict a strong outlook, expecting substantial revenue increases in the upcoming quarter, signaling confidence in the tech giant's trajectory.
"We've successfully ramped up the massive-scale production of Blackwell AI supercomputers, achieving billions of dollars in sales in its first quarter. AI is advancing at light speed as agentic AI and physical AI set the stage for the next wave of AI to revolutionize the largest industries," said founder and CEO Jensen Huang.
Analysts at Bank of America just raised their price target on NVDA to $160 a share with a buy rating. All thanks to a cooling trade war, the latest deal with the Saudis, and earnings.
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