Reported about 11 hours ago
According to Loop Capital Markets, Nvidia Corp, having recently surpassed a $5 trillion market cap, could see its valuation leap to over $8.5 trillion due to a forthcoming surge in demand for its AI products. The firm's analyst raised the price target for Nvidia stocks to $350, predicting a 70% increase from the current value, while a separate assessment from Rosenblatt Securities noted impressive order volumes for Nvidia's Blackwell chips. This optimism comes as major tech firms continue to invest heavily in AI.
Source: YAHOO