NVIDIA Corp. gained 1.80% in five trading sessions, achieving a 29.91% year-to-date increase. The company reached a $4 trillion market cap in July. Its Q1 earnings reported a revenue of $44.1 billion, a 69% year-over-year increase, driven by the data center segment. Morgan Stanley increased its price target to $200, maintaining an 'Overweight' rating. Analysts predict further upside potential for NVIDIA's stock as the AI market continues to grow, having seen significant gains over the past five years.
NVIDIA gained 1.80% over the past week, achieving a 29.91% year-to-date rise. The company reached $4 trillion market cap in July, surpassing Apple and Microsoft.
NVIDIA's Q1 earnings reported revenue of $44.1 billion, a 69% increase year-over-year, showcasing strong performance in its data center business segment.
Morgan Stanley raised NVIDIA's price target to $200, citing justified enthusiasm for AI semiconductors based on long-term business strength.
Despite significant past gains, analysts see continued upside potential for NVIDIA's stock amid the surge in AI demand.
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