Nvidia Stock Price Target Raised as AI Boom Continues
From record-breaking revenues to data center dominance and a fan base that approaches Nvidia’s earnings calls as concerts, Nvidia has been able to make semiconductor analysis into pure entertainment. Melius Research has also bestowed its vote of confidence upon Nvidia, which boosted its price target to $275 from $240, along with keeping a Buy rating.
The upgrade occurs as the chipmaker rides the very trending global AI adoption, with its data center segment being the pillar of Nvidia’s remarkable growth narrative. As per InvestingPro data, 29 analysts have upgraded their earnings estimates, which cements Nvidia’s consensus rating as a Strong Buy.
Analysts Ignore Growth Worries
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