Reported 4 months ago
Nvidia stock surged as CEO Jensen Huang introduced a new AI platform, boosting the company's market value by over $500 million in a month and driving its stock 127% higher this year. The new Blackwell GPU architecture promises faster AI tasks than current chips with increased flexibility. Analysts deemed the announcements a significant boost to Nvidia's AI leadership, raising price targets and predicting potential EPS power of $50+. The pending 10-for-1 split may introduce additional market volatility for the tech giant, whose shares have recently outperformed broader indexes.
Source: YAHOO