Nvidia: Dominating the AI Revolution, Analyst Report Predicts Continued Growth
Portfolio Pulse from Anusuya Lahiri
Oppenheimer analyst Patrick Scholes maintains an Outperform rating for Nvidia Corp (NASDAQ:NVDA) and raises the price target from $300 to $350. Scholes predicts continued growth for Nvidia, driven by its AI-led structural growth thesis, data center products, and high-performance gaming.
May 18, 2023 | 6:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Nvidia's price target has been raised from $300 to $350 by Oppenheimer analyst Patrick Scholes, who maintains an Outperform rating. The company's growth is expected to be driven by AI, data center products, and gaming.
The article highlights that Oppenheimer analyst Patrick Scholes has raised Nvidia's price target and maintains an Outperform rating. This is based on the company's continued growth in AI, data center products, and gaming. As these factors are expected to drive Nvidia's growth, it is likely that the stock price will go up in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100