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Wall Street reacts to Nvidia's jaw-dropping AI-boom earnings report

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The 'AI revolution has begun': Here's how Wall Street is reacting to Nvidia's jaw-dropping earnings report that added $230 billion to its market value

Rating: Buy, $440 price target, raised from $275.

"While the natural reaction is to question the sustainability of this strength in Data Center, we believe the proliferation of Generative AI across various verticals coupled with a fully committed supply chain will support sequential growth in the October and January quarters,"And while competition will be on the rise for Nvidia, Hari isn't yet concerned, citing its competitive moat and the urgency of customers developing increasingly complex AI.

 

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