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 (NVDA) has recently captured the attention of Wall Street analysts following its impressive Q3 earnings report and optimistic future guidance. Despite a slight dip in stock price due to concerns over high valuations and the rapidly evolving AI market, top analysts like Mark Lipacis from Evercore ISI remain bullish. Lipacis raised his price target for Nvidia to $352, indicating a potential upside of about 95%. He highlighted the strong demand for Nvidia’s new Blackwell AI chips and the company’s strategic inventory buildup, which could help achieve its ambitious $500 billion data center compute orders goal by 2026.
In addition, Nvidia’s stock received a boost from reports suggesting that the Trump Administration might allow the sale of its H200 AI chips to China, despite current U.S. restrictions. This potential development could open up a significant market for Nvidia, although it remains in early discussion stages. Analysts maintain a Strong Buy consensus on Nvidia stock, with an average price target suggesting a 30.7% upside potential, making it an attractive option for investors looking to capitalize on the company’s growth in the AI sector.