From Nasdaq MarketSite: 2024-07-09 09:05:00

Nvidia’s stock has soared over 200% in the past year due to the company’s involvement in artificial intelligence (AI) technology. Following a 10-for-1 stock split, Wall Street remains bullish on Nvidia, with UBS analyst Timothy Arcuri raising his price target to $150, citing potential upside of 19%.

Nvidia recently unveiled details for its GB200 NVL72 system, powered by the Blackwell Superchip, a processor featuring advanced NVIDIA Blackwell Tensor Core GPUs and NVIDIA Grace CPU. Demand for Blackwell servers is robust, with projections suggesting earnings per share (EPS) could reach $5 by 2025, a 320% increase from fiscal 2024.

Investors considering Nvidia should note that while the stock has seen impressive growth, it was not among the Motley Fool’s 10 best stocks for investors to buy now. However, the Stock Advisor service has generated significant returns, outperforming the S&P 500 by a wide margin since 2002. Consider all factors before deciding to invest in Nvidia.



Read more at Nasdaq MarketSite: Is Nvidia Stock Going to $150 in the Wake of Its High-Profile 10-for-1 Stock Split? 1 Wall Street Analyst Thinks So