Nvidia's Stock Skyrockets Despite Valuation Concerns.
TL;DR
Nvidia's stock has continued to rally, rising 1.87% to $269.64 in premarket trading, following an 81% surge since October 13th. The company's prospects in the AI sector and an upward adjustment of price target by Needham analyst Rajvindra Gill, who maintained a Buy rating and upped the price target from $270 to $300, citing near-term data center strength, receding gaming headwinds, and greater traction in inference and software markets, are contributing factors.
- Why Nvidia Stock Is Shooting Up Premarket - NVIDIA (NASDAQ:NVDA) Benzinga
- Nvidia Stock Less Than $10 Billion Away From Berkshire for 5th Largest Company Barron's
- Nvidia Stock Option Trade Benefits From Neutral Price Outlook Investor's Business Daily
- Nvidia Is Winning AI Race, but Can't Afford to Trip The Wall Street Journal
- Is Nvidia's valuation justified? One bullish fund manager gives two reasons to own the stock CNBC
Want the full story? Read the original reporting
Read on Benzinga