We're hiking our price targets on Nvidia and two other rallying portfolio stocks

  • 📰 CNBC
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

Since the gains in these stocks look like they have legs, we're taking our numbers up.

This week's strong market pushed three of our portfolio stocks well clear of our current price targets. Since these rallies look like they have legs, we're taking our numbers up. Nvidia price target increased to $1,050 NVDA YTD mountain Nvidia YTD Coming off a bullish GTC conference where Nvidia CEO Jensen Huang made the case that the artificial intelligence investment cycle is still in its early innings, we are increasing price target on the chip giant to $1,050 per share from $850.

NVIDIA's founder and CEO Jensen Huang speaks during the annual Nvidia GTC Artificial Intelligence Conference at SAP Center in San Jose, California, on March 18, 2024.This week's strong market pushed three of our portfolio stocks well clear of our current price targets. Since these rallies look like they have legs, we're taking our numbers up.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines

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

Nvidia stock dips after company unveils latest AI chipsNvidia shares dipped 3% on Tuesday morning after the company unveiled its new generation of artificial intelligence chips, called Blackwell.
Source: CNBC - 🏆 12. / 72 Read more »

Nvidia stock dips after company unveils latest AI chipsNvidia shares dipped 3% on Tuesday morning after the company unveiled its new generation of artificial intelligence chips, called Blackwell.
Source: nbcsandiego - 🏆 524. / 51 Read more »