NVIDIA's shares have seen a modest increase of 0.34% in pre-market trading, reflecting investor optimism ahead of its upcoming earnings report. Despite a 20% decline over the past six months, analysts project a significant 44% EPS growth due to the rising demand for AI chips and the introduction of the H200 GPU. Investors are also aware of potential challenges, particularly due to new U.S. restrictions on exports to China. The company has set an ambitious target price of $163, suggesting over 39% upside if growth expectations hold.
NVIDIA's shares are poised for a slight gain ahead of its earnings report, even amid concerns over new U.S. export restrictions affecting its business in China.
Analysts project a 44% growth in EPS for NVIDIA, driven by high demand for AI chips and the rollout of its H200 GPUs, with a target price suggesting significant upside.
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