The rising demand for AI chips, specifically for training ChatGPT-like models and to bring forth newer innovations, has made NVIDIA (NVDA) even more attractive.
These include high earnings expectations, strong buy ratings with analysts projecting levels as high as $1,100 for the stock, a surge in the valuation of the technology sector, especially the NASDAQ Composite, unveiling of the RTX 40 Series cards at CES 2024, and focus on amplifying the Generative AI performances.
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