Nvidia stock is up 4.1% on news of developing high-performance AI processor for China

From Nasdaq: 2024-07-22 13:55:06

Nvidia stock is up 4.1% on news of developing a high-performance AI processor for China, boosting analyst outlook. The company is creating a new GPU variant, B20 chip, for release in Q2 2025, signaling a continued focus on the Chinese market. Wall Street analysts predict significant revenue growth, with price targets raised to $140-175 per share. The Motley Fool Stock Advisor suggests considering other stocks, excluding Nvidia, for potential high returns. Past recommendations have yielded profits of $722,626 from a $1,000 investment. Investors can access their top 10 stock picks for future growth opportunities.



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