Phil Panaro and
Gene Munster are bullish on
Nvidia’s NVDA. Record third quarter revenues driven by strong AI demand propelled Nvidia. Despite post-earning jitters, investors anticipate Nvidia's stock to regain its AI-fueled momentum. However, forecasts indicate slowing sales growth that could worry investors. Goldman Sachs led price target overhauls for Nvidia following these earnings. Nvidia announced its new chip remains on track, despite disappointing forecasts, and that demand for Nvidia's AI chip remained strong.
Stifel and
Truist raised price predictions, citing optimism on AI growth. Following higher than anticipated earnings, there is speculation that
Nvidia could be valued at $4 trillion. Nvidia beat Q3 estimates, but fell short of analysts' lofty expectations. Despite warnings of potential market volatility, Nvidia remains poised for growth with strong AI demand and financial results.
Jensen Huang, Nvidia's CEO, highlighted the unprecedented global demand shift toward AI computing. Despite a brief post-earnings dip, Nvidia's stock is positioned to soar bolstered by market optimism.
Nvidia Corp NVDA News Analytics from Wed, 28 Aug 2024 07:00:00 GMT to Sat, 23 Nov 2024 13:35:05 GMT -
Rating +8
- Innovation +7
- Information +9
- Rumor -3
