Nvidia stock surges on dominant A.I. market position, buy recommendation from HSBC

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Nvidia rallied on Wall Street Tuesday following a 'buy' recommendation from an HSBC analyst as the chipmaker continues to dominate in the A.I. space.

Neuberger Berman senior research analyst and managing director Daniel Flax provides insight on the company's ecosystem on 'Making Money.surged Tuesday, extending a months-long rally, following a "buy" recommendation from HSBC. Research Frank Lee said his company was "throwing in the towel" on a previous "reduce" recommendation for Nvidia.

"We were too focused on the slowdown in datacenters, but what really surprised us was its pricing power on AI chips," Lee wrote.

 

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