2024-07-13 15:03:50
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Analyst Resets Nvidia Stock Price Target After Trillion-Dollar Q2
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Nvidia's stock price target receives a reset after a significant trillion-dollar market-value gain in the second quarter, with a positive outlook for the AI-chip maker. The company's new Blackwell system of AI processors has been launched, commanding a significant share of the market for chips essential for building massive data systems.
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Analyst revisits Nvidia stock price target after Blackwell checks TheStreet Daily Newsletter
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Nvidia's stock price target has been revised upwards by a top Wall Street analyst, Timothy Arcuri of UBS, who sees strong demand for the company's new Blackwell line of AI-powered computing processors. Arcuri has lifted his price target to $150 per share and expects Nvidia's earnings to reach around $5 per share in 2025, with revenue surpassing $200 billion, driven by robust demand from hyperscalers like Microsoft, Google, Meta, and Amazon.
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Analyst resets Nvidia stock price target in chip-sector overhaul TheStreet Daily Newsletter
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Nvidia shares have extended their recent gains, driven by the surge in AI investments from tech giants. KeyBanc Capital Markets analyst John Vinh has updated his price targets and ratings for several chip stocks, including raising Nvidia's target to $180 per share and Micron's to $165 per share. However, Vinh lowered his price target for Advanced Micro Devices (AMD) to $220 per share due to inventory destocking headwinds and weak demand in its embedded systems segment, despite the potential of..
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Analysts reboot Microsoft stock price target on AI transformation TheStreet Daily Newsletter
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Microsoft is well-positioned to lead the AI revolution through the integration of generative AI functionality across its software stack and products. Analysts have raised their price targets on Microsoft stock due to its strong position in the generative AI space, with the company offering a complete integrated product set for enterprise efficiency, cloud transformation, collaboration, and business intelligence.
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