From Yahoo Finance: 2024-06-06 19:35:37

Nvidia CEO Jensen Huang is set to deliver second quarter earnings amid booming demand for processors driving the generative AI era. Bank of America has reiterated its $1,500 price target for Nvidia, implying a 24% upside for the stock. The bank believes Nvidia will continue to dominate the computing market in the next upgrade cycle and remains a top pick in the IT sector. With Nvidia shares climbing to record highs, the company’s market cap has surpassed that of Apple, making it the world’s second most valuable company. Despite some doubts about sustainability, Nvidia’s stock split may lead to further gains.



Read more at Yahoo Finance: Nvidia stock has another 24% to climb as it looks poised to dominate the computing market for the next decade, Bank of America says