Nvidia's Stock Skyrockets Despite Valuation Concerns.
TL;DR Summary
Nvidia's stock has continued to rally, rising 1.87% to $269.64 in premarket trading, following an 81% surge since October 13th. The company's prospects in the AI sector and an upward adjustment of price target by Needham analyst Rajvindra Gill, who maintained a Buy rating and upped the price target from $270 to $300, citing near-term data center strength, receding gaming headwinds, and greater traction in inference and software markets, are contributing factors.
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- Nvidia Is Winning AI Race, but Can't Afford to Trip The Wall Street Journal
- Is Nvidia's valuation justified? One bullish fund manager gives two reasons to own the stock CNBC
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