Fintel reports Wells Fargo maintained an Overweight recommendation for NVIDIA (NASDAQ:NVDA) on May 25, 2023. Analysts predict a 3.51% downside with an average one-year price target of 294.65, ranging from 191.90 to $413.70.

NVIDIA’s projected annual revenue is 30,001MM, up 11.22%, with a non-GAAP EPS of 4.40. There are 4850 funds or institutions holding positions in NVIDIA, a 7.68% increase in the last quarter.

Major shareholders like Vanguard and Price T Rowe Associates have increased their portfolio allocations in NVIDIA by percentages ranging from 11.48% to 75.35%. Geode Capital Management and Invesco Qqq Trust also increased their holdings by 76.82% and 29.48% respectively.

NVIDIA is a leader in GPU-accelerated computing, serving markets like gaming, professional visualization, data centers, and automotive. Their products are favored by gamers, designers, and scientists, contributing to significant technological advancements. Visit Fintel for more details on this news.

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