Reported about 1 month ago
Nvidia has become a focal point in the stock market, primarily due to its leading position in AI chips, which has significantly boosted the S&P 500 this year. Analysts at Bank of America recently reaffirmed their buy rating for Nvidia and raised their price target to $190, suggesting a potential market cap increase to $4.7 trillion. The company is expected to thrive amid growing demand for AI technologies, with indications of a robust future driven by partnerships and substantial cash flow generation. Upcoming earnings reports from major tech companies could shed more light on AI's market potential.
Source: YAHOO