Nvidia's Blackwell GPU represents a major breakthrough, enabling a '30x performance increase' for LLM inference, with staggering demand emphasized by CFO Colette Kress.
Rosenblatt Securities recently reaffirmed its 'Buy' rating on Nvidia, placing the stock's price target at $220, implying a valuation exceeding $5 trillion within a year.
Nvidia has proven its critics wrong, rallying 317% from its 2021 peak, though growth has decelerated recently, with only a 16.8% increase in the past six months.
Analysts expect Nvidia to continually outperform expectations each quarter due to record-breaking growth, with Q3 2024 seeing a 93.6% top-line increase and near 109% EPS growth.
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