Those analysts who weren't merely speechless after Nvidia Corp.'s latest earnings were effusive with their praise.
Those analysts who weren’t merely speechless after Nvidia Corp.’s latest earnings were effusive with their praise, writing that the chip giant’s artificial-intelligence fueled bonanza still has plenty of legs.
See more: Nvidia’s stock soars after AI boom pushes chip giant to record earnings and blowout forecast “The knee in the curve of the accelerated computing era is here, driven by seemingly insatiable demand for Generative AI,” he wrote. “Don’t overthink this one…as we remain early in this new era of computing and while competition is naturally drawn to such a lucrative space, NVIDIA’s moat is wide.”Ramsay upped his price target to $600 from $500 while keeping an outperform rating.“Everyone has been looking for ways to play AI that aren’t as expensive as NVIDIA given the run this year,” he wrote.
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