Nvidia Q1 Results Prove AI Revolution Is 'Real' And Jensen Huang-Led Company Is The 'Beneficiary,' Says Analyst
Portfolio Pulse from Shanthi Rexaline
Nvidia Corp. (NASDAQ:NVDA) reported strong Q1 results, significantly surpassing expectations, driven by a 427% YoY growth in its Data Center business. Analysts are bullish, with Key Banc's John Vinh raising the price target to $1,300. Nvidia's shares rose 6.06% in premarket trading.
May 23, 2024 | 8:08 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Nvidia's Q1 results significantly exceeded expectations, driven by a 427% YoY growth in its Data Center business. Analysts are highly bullish, with Key Banc's John Vinh raising the price target to $1,300. Nvidia's shares rose 6.06% in premarket trading.
Nvidia's strong Q1 results, driven by significant growth in its Data Center business, have led analysts to raise their price targets and express bullish sentiments. The stock's premarket rise of 6.06% reflects positive market reaction.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100