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 is making waves in the financial markets with its latest venture into humanoid robotics, unveiling AEON in collaboration with Swedish tech firm Hexagon. CEO Jensen Huang has positioned robotics as a potential massive industry, with forecasts predicting Nvidia’s robotics and automotive division could grow from $1.7 billion in Fiscal 2024 to $7.55 billion by the early 2030s. This expansion, coupled with Nvidia’s stronghold in AI and datacenter technologies, has the potential to significantly boost the company’s market valuation, which currently stands near $3.9 trillion.
Despite facing challenges earlier this year due to U.S. export restrictions to China, Nvidia’s stock has rebounded, rising 19% year-to-date. Analysts remain bullish on Nvidia, with a strong consensus of ‘Buy’ ratings and an average 12-month price target suggesting further upside. As Nvidia continues to innovate and expand its market reach, particularly in AI and robotics, investors are keenly watching to see if the company can surpass its current valuation milestones.