The accumulation of recent reports presents a robust picture of Nvidia Corp (NVDA). The company announced significant events, including their reveal of a 3.6% stake in Applied Digital that caused an upward trend for the stock. With Nvidia's Artificial Intelligence (AI) demand coupled with analysts' upgrades, the corporation targets to grow even further. A bullish signal was also given for Blackwell sales when Citi raised Nvidia's price target. Notably, Amazon aims to introduce new AI chips in December, targeting competition with Nvidia's AI dominance. Nvidia's CEO shares his regret over missing a deal that might be worth $3.6 trillion today. Wedbush has also increased NVDA's price target to $160 while improving FY2026 Revenue and EPS Forecasts. The corporation was also applauded for leading the AI and GPU Revolution and was seen as a revolutionary stock contributing to Rekor's AI-driven traffic management solutions. Although some insiders are selling the stock because of Blackwell GPU delay, the NVDA stock is still predicted for a major boost to $204 following Q3, according to some analysts.
Nvidia Corp NVDA News Analytics from Wed, 28 Aug 2024 07:00:00 GMT to Sat, 16 Nov 2024 19:47:29 GMT - Rating 8 - Innovation 7 - Information 8 - Rumor -2
