Reported 12 days ago
Following a recent slump that saw Nvidia's stock drop over 12% from its peak, a prominent Wall Street analyst has raised the company's price target to $175, projecting strong growth in the AI accelerator market. Despite increased competition from rivals like Broadcom and Marvell, the analyst maintains confidence in Nvidia's sustained market dominance, citing improvements in supply chain capacity and the company's strong revenue forecasts for the upcoming quarters.
Source: YAHOO