Reported 3 days ago
Nvidia's shares rose after the company reported impressive quarterly earnings driven by high demand for its AI chips, despite a cautious revenue outlook for the upcoming quarter. Analysts, including those from Goldman Sachs, responded positively by adjusting their price targets upwards, reflecting optimism about Nvidia's market dominance in AI infrastructure and ongoing production of its new Blackwell chips, which are expected to exceed demand due to supply constraints.
Source: YAHOO