Reported 6 days ago
As Nvidia prepares to announce its financial results next week, Wall Street remains highly bullish on the tech giant's prospects due to its pivotal role in the AI sector. Despite a projected slowdown in growth for the upcoming quarter, analysts foresee revenues nearing $33 billion, indicating a strong demand for Nvidia's cutting-edge GPU technology. Following several successful quarters and the upcoming launch of its AI-centric Blackwell architecture, 94% of analysts recommend Nvidia stock as a buy, suggesting further potential for growth.
Source: YAHOO