"Nvidia's Stock: Analyzing the Dip and Potential $1,200 Rally"
TL;DR Summary
Cantor Fitzgerald analyst C.J. Muse raised Nvidia's stock price target to $1,200, citing growth opportunities to be highlighted at the upcoming GTC conference, particularly in the software and AI Enterprise sectors. He expects Nvidia to surprise the market with its share of the inference market and anticipates the official announcement of the B100 chip at the conference. Muse is optimistic about the company's revenue and earnings potential, envisioning a fair value of $1,200 to $1,400 for Nvidia's stock once investors gain conviction in the company's prospects beyond 2025.
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