NVIDIA Analysts Praise Company Hitting The 'Mother of All Cycles': 'To $1 Trillion And Beyond For The AI Leader'
Portfolio Pulse from Chris Katje
NVIDIA Corporation (NASDAQ:NVDA) reported Q1 results ahead of Street consensus estimates, leading analysts to raise price targets. The company's growth is driven by demand for generative AI, higher-than-expected growth in gaming, and a surge in spending on AI. Analysts predict NVIDIA could become the first trillion-dollar semiconductor company.
May 25, 2023 | 4:12 pm
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NVIDIA's Q1 results exceeded expectations, prompting analysts to raise price targets. The company's growth is driven by demand for generative AI, higher-than-expected growth in gaming, and a surge in spending on AI.
NVIDIA's Q1 results surpassed Street consensus estimates, leading to raised price targets by analysts. The company's growth is driven by demand for generative AI, higher-than-expected growth in gaming, and a surge in spending on AI. This positive news is likely to have a short-term positive impact on NVIDIA's stock price.
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