Nvidia Stock Price Predictions Jump As Analysts Lift Targets After Earnings
Somehow, Nvidia keeps raising the bar.
The chip giant’s stellar earnings for the third quarter have sparked a round of price-target raises from analysts who think the stock can climb even higher.
Nvidia, the most expensive company in the world by market cap, pulled $57.01 billion in revenue, up 62% year-over-year. It estimated it would pull $65 billion the following quarter, handily beating expectations that it would issue guidance for around $61 billion in quarterly revenue.
The results — and comments from CEO Jensen Huang that he believed AI was not in a bubble — was exactly what investors wanted to hear, according to Dan Ives, a senior analyst at Wedbush.
“Nvidia’s earnings were another major validation…
