Summary: Wall Street predicts Nvidia stock will continue to rise due to strong earnings and AI dominance.

From Nasdaq: 2024-07-04 08:38:43

Last year was a game-changer for AI, with companies like Nvidia leading the charge. NVDA stock has soared, surging 238% in 2023 and 159% in the first half of 2024. A recent correction presents a buying opportunity, supported by outstanding earnings and a dominant position in the AI chip market. With a stock split, NVDA is more accessible to investors, attracting bullish forecasts and price targets as high as $200. Analysts remain optimistic about NVDA stock, with a strong buy rating and expectations of continued growth driven by AI advancements.



Read more at Nasdaq: Here’s How High Wall Street Thinks Nvidia Stock Can Rise