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Nvidia's fiscal third-quarter results showcased a remarkable 94% revenue increase year-over-year, although the stock price remained unchanged. Analyst Antoine Chkaiban from New Street Research highlights two key factors supporting Nvidia's growth: the absence of GPU overcapacity and a significant expansion of data center power capacity. With these conditions in place, he believes Nvidia is well-positioned for continued performance in 2025, holding a price target of $173 per share.
Source: YAHOO