Analysts revise Nvidia stock price targets
In a year dominated by hype surrounding the potential of artificial intelligence, no company has made out better than semiconductor industry leader Nvidia (NASDAQ: NVDA).
With cutting-edge solutions that have secured a vast majority of compute market share, the Jensen Huang-led venture has managed to accrue gains of 203.57% on a year-to-date (YTD) basis after rallying by 7.74% over the course of the last 30 days.
At press time, NVDA stock was trading at $146.22.
As is the case with any significant move to the upside, worries remain concerning the chipmaker’s high valuation, currently equal to roughly 12% of the United States GDP. The issue isn’t…
