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Already positive, the research from Bernstein and its analyst Stacy Rasgon still consider the stock as a Buy opportunity. The target price has been raised from USD 675 to USD 700.
Demand for Nvidia’s graphics processing units has been exceeding supply, thanks to the rise of generative artificial intelligence.
Some investment banks see the AI chipmaker's shares climbing as high as $700.
Artificial intelligence chip leader Nvidia will likely deliver yet another blockbuster revenue forecast on Tuesday. But the real focus will be on whether widening U.S. curbs on sales of its high-end...
The results will also be a major test for the AI-powered rally that has helped drive up the US stock market this year, with the Philadelphia semiconductor index up nearly 50% in 2023.