Reported 3 days ago
Nvidia's stock is attracting attention as it prepares for its earnings report, with predictions from analysts like Eric Jackson suggesting the stock could double in the next year due to its leading position in AI chip production. Over the past five years, Nvidia's stock has surged over 2,600%, and strong fiscal third-quarter results are expected, with an estimated 83% increase in sales and profits compared to last year. Analysts are predominantly bullish on Nvidia, indicating a favorable outlook despite potential risks related to sales restrictions to China. Investors are optimistic about the company's future, particularly with upcoming next-generation AI chips.
Source: YAHOO