"Nvidia's Soaring Stock: Earnings Outlook and Trading Strategies"
TL;DR Summary
Nvidia's stock has nearly doubled this year due to its dominance in AI chips, with analysts predicting rapid profit growth. The average price target for the stock has risen from $674 to $893 after the latest earnings release, but shares have already surpassed this, closing at $926.69. Mizuho Securities' U.S. arm has raised its target from $850 to $1,000, reflecting the exuberance surrounding the potential of artificial intelligence.
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