Reported 1 day ago
Nvidia recently reported second-quarter results, surpassing most expectations yet falling short on data center revenue. Analyst John Vinh discusses two key growth catalysts for the company: the anticipated launch of the next-generation Blackwell Ultra, expected to increase pricing in the latter half of the year, and improved production of DGX racks, which are currently limited in supply but show promise for increased shipments. Vinh has raised his price target for Nvidia from $215 to $230 per share, bolstered by a significant buyback authorization.
Source: YAHOO