Growing artificial intelligence tailwinds should lift Nvidia's guidance when chip giant posts earnings, according to some Wall Street analysts.
Proliferating artificial intelligence tailwinds should lift Nvidia 's guidance when the chip giant posts earnings results after the close on Wednesday, according to some Wall Street analysts. "Overall, we expect better results/guidance, driven largely by the ongoing AI gold rush and subsequent DC GPU demand," wrote Susquehanna Financial Group's Christopher Rolland in a note to clients on Thursday.
" This "sense of urgency" surrounding the technology should also lift the company's results and forecast, he added. Schafer views the company's data center business as a beneficiary of cloud vendors building up AI infrastructure. He lifted his price target nearly 17% from $350 from $300 and reiterated his outperform position. He referred to its hardware platform as a "cornerstone" of the proliferating AI market.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Here are Thursday's biggest analyst calls: Tesla, Amazon, Netflix, Walmart, Nvidia, FedEx, Meta & moreHere are Thursday's biggest calls on Wall Street.
Lire la suite »
Nvidia stock rises after company announces new graphics cards in GeForce RTX 4060 familyNvidia Corp. shares were rising 2% in morning trading Thursday after the company announced two new graphics cards featuring the company’s Ada Lovelace...
Lire la suite »
ServiceNow and Nvidia team up on generative AIServiceNow announced its first-ever share-repurchase program of up to $1.5 billion Tuesday, and CEO Bill McDermott predicted a "$20 billion-plus company...
Lire la suite »
Druckenmiller pumps $400M into Nvidia, Microsoft stocks in big AI betsBillionaire Stanley Druckenmiller's family office pumps a combined $430 million into Nvidia and Microsoft stocks in big, bold AI bets
Lire la suite »
Nvidia's stock could rise fivefold in 10 years on A.I. trend, says fund managerThe fund manager said A.I. companies using Nvidia's chips could grow and disrupt other sectors, such as energy production, digital and financial services.
Lire la suite »
'Cleaner' Target enjoying margin recovery, analysts sayThe retail giant is enjoying a margin recovery, according to analysts.
Lire la suite »