How High Can Nvidia Stock Price Go? Strong NVDA Earnings and New $185 Share Predictions
NVIDIA
Corporation (NASDAQ: NVDA) posted record first-quarter revenue of $44.1 billion
on Wednesday, exceeding analyst expectations despite absorbing a $4.5 billion
charge related to new U.S. export restrictions on its China-bound H20 chips.
NVIDIA
shares closed yesterday’s session at $134. In Thursday’s premarket trading,
however, they are up more than 5%, reaching $142, the highest level in three
months. Moreover, NVIDIA shares predictions from two independent analysts
suggest the stock could soon surge by 35%, potentially hitting an all-time high
of $185.
NVIDIA
reported adjusted earnings per share of $0.81, surpassing the $0.93 consensus
estimate, while revenue of $44.06 billion topped the expected $43.31 billion
for a three-month…
