Nvidia ( (NVDA) ) has been popular among investors this week. Here is a recap of the key news on this stock.
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Nvidia (NASDAQ:NVDA) is making headlines in the financial markets as its stock continues to benefit from the AI-driven bull market. The demand for Nvidia’s AI chips has propelled the company to the top of the market cap rankings. Recently, D.A. Davidson analyst Gil Luria upgraded Nvidia’s stock from Neutral to Buy, raising the price target to $210, reflecting an expected 18.5% gain over the next year. Luria’s optimism stems from the anticipated growth in AI compute demand, which he believes will sustain Nvidia’s growth trajectory despite potential headwinds like competition and geopolitical uncertainties.
In addition to its strong market performance, Nvidia is set to make significant investments in the UK alongside OpenAI. The two companies are collaborating with Nscale Global Holdings Ltd. to invest billions in UK data centers, aiming to boost AI growth in the region. This move aligns with UK Prime Minister Keir Starmer’s plan to accelerate AI development through infrastructure investments. With a Strong Buy consensus from Wall Street, Nvidia’s stock is poised for further growth, driven by robust demand for its AI GPUs and strategic investments in AI infrastructure.