From Investor’s Business Daily.:

Nvidia’s (NVDA) stock soared to new highs after a beat-and-raise quarter, with earnings of $5.16 per share on sales of $22.1 billion. The AI-chip maker is anticipating growth challenges due to limited supply and the release of a new B100 chip. Nvidia is partnering with ServiceNow to create an open-access platform for coders and releasing advanced chips in portable workstations. Analysts at KeyBanc raised its price target to 740, and Nvidia is one of the Magnificent Seven stocks leading the rally. The AI chip market is expected to grow significantly, but Nvidia stock is currently extended from a buy zone and not a buy right now.



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