Time to Get in On Nvidia’s Latest Rally to almost $600 a share?

From Nasdaq.:

Nvidia is a top performer, with stock soaring +200% in the last year. Its superior AI chip, the HGX H200, keeps the company ahead of competitors like AMD and Intel. Q4 earnings are expected to skyrocket 410% to $4.49 a share, with sales projected to soar 232% to $20.1 billion, marking its fifth consecutive quarter of stellar sequential growth.

Nvidia’s stock currently sports a Zacks Rank #1 (Strong Buy) with an Average Zacks Price Target of $649.11 a share. The company’s impressive growth and its position as a leader in powering artificial intelligence could propel Nvidia’s stock even higher leading up to its Q4 report in February.



Read more: Time to Get in On Nvidia’s Latest Rally to almost $600 a share?