Reported 4 months ago
Nvidia has been a major beneficiary of artificial intelligence (AI) in the tech world, with its GPUs supporting AI development and leading to stock growth. Keynote plans revealed by CEO Jensen Huang have made Bank of America analyst Vivek Arya more bullish, raising the price target to $1,500, a 37% potential gain compared to its closing price. Nvidia's accelerated product upgrade cycle and continual innovation keep the company ahead of competitors, with significant investments in research and development contributing to maintaining its technological lead.
Source: YAHOO