Analysts Optimistic on Nvidia Amid Strong AI Demand and Sales Forecasts
TL;DR Summary
Morgan Stanley analyst Joseph Moore forecasts $6 billion in sales for Nvidia's new Blackwell chips in Q3, boosting Nvidia's financial results. The chips, crucial for AI applications, are sold out until October 2025, prompting Moore to raise Nvidia's stock price target to $160 and maintain a 'Top Pick' status. Nvidia's Data Center business is expected to drive growth, with the stock gaining 200% this year and holding a consensus Strong Buy rating among analysts.
- Top Analyst Forecasts $6 Billion in Sales for Nvidia (NVDA) Blackwell Chips TipRanks
- Nvidia may break its beat-and-raise streak, but there’s good news for investors MarketWatch
- Analysts Are Bullish on Nvidia Stock Ahead of Earnings Next Week Investopedia
- Redburn Atlantic Initiates Coverage of Nvidia with "Buy" Rating, Citing Strong AI Demand Yahoo Finance
- Nvidia Stock Rises. How a ‘Transitional Quarter’ Could Be a Problem. Barron's
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