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

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.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street ends higher as Nvidia sparks rush for AI stocks By Reuters*NASDAQ JUMPS OVER 1% TO NEW 52-WEEK HIGH AS NVIDIA FORECAST SPARKS AI-DRIVEN RALLY $DIA $SPY $QQQ $IWM 🇺🇸🇺🇸
Source: Investingcom - 🏆 450. / 53 Read more »

Stock market today: AI frenzy pulls Wall Street higher despite DC debt woesA monster financial forecast from one of Wall Street’s most influential stocks is helping to support the market, even as worries worsen about political rancor in Washington.
Source: KPRC2 - 🏆 80. / 68 Read more »