NVIDIA shares are trading higher as the stock gains 100% year to date amid AI-driven momentum. DigiTimes also reported the company is seeing AI GPU orders ramping up and Oppenheimer raised its price target on the stock form $300 to $350.
Portfolio Pulse from Benzinga Newsdesk
NVIDIA shares are trading higher as the stock gains 100% year to date amid AI-driven momentum. DigiTimes reported the company is seeing AI GPU orders ramping up and Oppenheimer raised its price target on the stock from $300 to $350.
May 18, 2023 | 2:25 pm
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NVIDIA's stock price is rising due to AI-driven momentum, increased AI GPU orders, and Oppenheimer raising its price target from $300 to $350.
NVIDIA's stock price is positively impacted by the AI-driven momentum, which has led to a 100% increase in the stock price year to date. Additionally, the company is experiencing a ramp-up in AI GPU orders, as reported by DigiTimes. Furthermore, Oppenheimer has raised its price target on the stock from $300 to $350, indicating increased confidence in the company's performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100