"Wall Street Analyst Raises Nvidia Price Target by 47%: Valid Reasons Explained"

Investment bank UBS has raised Nvidia's price target by 47% to $850, predicting a 17% profit before the end of 2024. Despite the stock's high price, analysts believe Nvidia's rapid growth and dominance in AI semiconductor chips justify its valuation. With the AI revolution still in its early stages, the demand for AI chips is expected to soar, positioning Nvidia for further growth. While UBS's one-year price target may seem conservative, the long-term potential for Nvidia remains compelling, making it an attractive investment opportunity.