Nvidia, NVDA
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Nvidia (NASDAQ: NVDA) has been one of the best artificial intelligence (AI) stocks to own since the AI arms race kicked off in 2023. Its technology has powered most of the AI we experience today, and that's unlikely to change much in the future.
Shares of Nvidia (NASDAQ: NVDA) charged sharply higher Wednesday, climbing as much as 5.6%. As of 11:41 a.m. ET, the stock was still up 3.9%.
NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks in the Spotlight This Week. On October 30, JPMorgan reiterated the stock as “Overweight,” stating that Nvidia is a beneficiary of “strong AI server spending.
Nvidia shares hit a new all-time high Wednesday morning, pushing its market capitalization past the $5 trillion milestone for the first time.
At its core, a large portion of Nvidia's future growth can be summed up by one accounting term: capital expenditures (capex). Capex is just Wall Street jargon for spending related to infrastructure and property buildouts, such as data centers.
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Goldman Sachs raised Nvidia’s price target from $210 to $240 ahead of its November 19 earnings
Goldman Sachs has raised its 12-month price target on Nvidia from $210 to $240, showing confidence that the chipmaker’s strong run will continue into its next earnings report, scheduled for November 19.
If any technology firm could be described as a darling of the financial markets, it would be NVIDIA (NASDAQ:NVDA). Without a doubt, NVIDIA has become the gold standard of artificial intelligence (AI) chip and graphics processing unit (GPU) designers.
Nvidia's GPUs are the most popular artificial intelligence (AI) computing units available.
Nvidia (NASDAQ:NVDA) shares pared earlier gains on Thursday, losing about 2% value after U.S. President Donald Trump said he did not discuss approving sales of the company's advanced Blackwell AI chips with Chinese President Xi Jinping.
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