Page 3 - Vidia Stock News Today

NVIDIA continues to impress, posting a record 769% annual profit growth in Q4, with Data Center revenues in Q4 FY24 hitting $18.4 billion.

Nvidias forecast beat estimates, but by a smaller amount than it had last year. For the first three quarters of 2023, Nvidia reported quarterly revenue that beat analyst estimates by between 10% and 20%.

Wedbush raised its 12-month price forecast of Nvidia to $850 from $800, with the firm "stepping on the AI accelerator" with its latest earnings.

If today's stock market is in a bubble akin to the 1990's, it would have to go parabolic to rival the price returns printed by the Nasdaq 100.

Baird raises the target price of NVIDIA shares from $750 to $1050: AI GPU shipments are ramping up, new H200 and B100 AI GPUs are around the corner.

Nvidia's stock price is soaring, which could cause hesitation. However, this AI stock is a bargain.

"We believe peak spending is still ahead for the AI market as many enterprises head down the AI use case path over the next few years," Wedbush said.

The AI superstar is set to report earnings on Wednesday. Will the stock pop again?

The latest Wall Street price target for Nvidia sees the stock soaring another 65% after it more than tripled in the past year.

Even after a recent pullback, Nvidia stock is up 218% over the last year -- and a huge catalyst is on the horizon.