Reported 5 months ago
The article discusses how Nvidia's stock has the potential to reach $1,400 according to Wall Street analyst Hans Mosesmann from Rosenblatt. Despite already doubling in 2024, Nvidia's data center products for AI applications continue to drive growth, with revenue exceeding expectations in the first quarter of fiscal 2025. The company's strong performance in AI, gaming, Ominverse, and automotive sectors suggests further growth potential, especially with the upcoming Blackwell architecture. Mosesmann believes Nvidia will continue to outperform and innovate, potentially leading to even higher stock prices beyond the $1,400 target.
Source: YAHOO