Reported about 20 hours ago
Nvidia's stock increased by 4% on Tuesday, marking its fifth consecutive day of gains, driven by strong Buy ratings from several Wall Street analysts and a revised sales outlook for 2025. The demand for Nvidia's AI chips, including their new Blackwell models, remains robust despite rising production. Additionally, recent funding trends in the AI sector, highlighted by OpenAI's substantial funding round, are expected to further enhance demand for Nvidia's products. Alongside these developments, Foxconn announced plans to build a large factory for assembling Nvidia's servers in Mexico, which will help diversify Nvidia's operations amid ongoing trade tensions with China.
Source: YAHOO