From Nasdaq: 2024-11-19 16:07:00

Nvidia stock surged 4.6% after reports revealed that overheating issues with Blackwell processors were resolved months ago. Analysts raised price targets ahead of the company’s Q3 report, projecting strong demand for AI GPUs. Truist and Stifel both increased their one-year targets, highlighting Nvidia’s potential for growth in 2025.

Investors are wondering if Nvidia is still a buy as the company prepares to release its Q3 results. With a projected 80% year-over-year sales growth and a strong gross margin, Nvidia’s stock could see increased volatility post-earnings. However, long-term prospects remain promising due to its dominant position in the AI GPU market.

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Read more at Nasdaq: Nvidia Stock Is Gaining Today — Is It Too Late to Invest in the Artificial Intelligence (AI) Leader?