Reported 8 months ago
Wedbush SVP of Equity Research Hardware, Matt Bryson, expresses optimism for Nvidia's near-term prospects, noting that the company is experiencing 'all good news' with increasing funding for AI initiatives and strong demand. The next generation of AI products and Nvidia's upcoming Blackwell platform are seen as key factors for future growth. Despite Blackwell's release scheduled for the end of the year, Bryson anticipates continued growth throughout 2024, with no major obstacles expected. This positive sentiment is driving Nvidia's stock to new heights, with a focus on the company's pivotal role in shaping the future of AI.
Source: YAHOO