Nvidia Rides AI Momentum as Analysts See Further Upside in 2023
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Nvidia Rides AI Momentum as Analysts See Further Upside in 2023
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About this listen
Discover the latest insights on Nvidia's impressive stock performance as it closes at $159.21, reflecting a 1.25% gain despite decreasing trading volume. Our podcast explores how the tech giant's 9% two-week rally has sparked renewed analyst enthusiasm, with price targets now ranging between $170-$185, and Loop Capital's bullish $250 forecast. Learn why Mizuho projects $45B in quarterly revenue and $0.98 EPS, driven by Nvidia's AI leadership, data center growth, and upcoming GB200, GB300, and B40 accelerator chips. With a market cap exceeding $3T, Nvidia maintains unanimous "buy" ratings despite potential momentum shifts signaled by declining volume amid rising prices. Essential listening for investors tracking the semiconductor sector's most influential player in the AI revolution.
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