Reported about 2 months ago
Ahead of Nvidia's Q2 earnings release, HSBC analyst Frank Lee increased the company's stock price target from $135 to $145, citing strong demand for AI GPUs despite potential product delays. Nvidia's stock price has shown volatility recently, dropping below $100 before recovering to around $128. The company anticipates Q2 revenue of $28 billion, while expectations suggest it may reach $30 billion. With Nvidia positioned as a leader in the AI market, analysts remain optimistic about its future performance.
Source: YAHOO