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