Nvidia is still showing improving fundamentals that boost the chipmaker's long-term growth potential, and have Truist Securities optimistic on the stock ahead of its upcoming earnings. His new price target of $145, which is $5 higher than his previous target, suggests shares could gain 14.7%. Stein's increase comes as traders brace for Nvidia's second-quarter report, which is slated for release Wednesday after the bell.
Stein added that although he's confident Nvidia's year-on-year revenue growth will slow from the last few quarters, there is still a "solid case for ongoing rapid growth" over the next few years given upcoming AI models and investments that should usher in a new wave of AI capabilities and investments in graphics processing units, or GPUs.
Portugal Últimas Notícias, Portugal Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Fonte: Investingcom - 🏆 450. / 53 Consulte Mais informação »
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »