Nvidia stock rises as analysts increase price targets due to strong demand for AI platform.

From Yahoo Finance: 2024-07-08 10:50:05

Nvidia shares rose after analysts raised price targets due to strong demand for Blackwell platform. UBS upgraded target to $150 from $120, while Wolfe Research lifted theirs to $150 from $125. Demand for Nvidia’s data center components surges as big tech companies like Microsoft, Alphabet, Meta, and Amazon increase AI infrastructure investments. Microsoft highlighted as major customer for Nvidia.



Read more at Yahoo Finance: Nvidia Stock Gains as Analysts Lift Targets on Strong Demand for AI Platform