Reported about 13 hours ago
Nvidia shares gained traction due to optimistic forecasts regarding the demand for Blackwell chips, which are pivotal for the company's financial growth in the AI sector. Despite recent underperformance amid U.S. export restrictions and production issues, analysts predict that Blackwell sales will surge above previous estimates, projecting significant revenue growth for Nvidia in the upcoming quarters. UBS analyst Timothy Arcuri reiterated a price target of $185 for Nvidia shares, bolstered by strong earnings reported by key supplier Foxconn.
Source: YAHOO