"Nvidia's Market Dominance: Analysts Racing to Lift Targets as Value Surpasses Amazon and Google"

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Source: Yahoo Finance
"Nvidia's Market Dominance: Analysts Racing to Lift Targets as Value Surpasses Amazon and Google"
Photo: Yahoo Finance
TL;DR Summary

Nvidia's stock has surged 46% this year, adding about $560 billion in market value, leading at least five firms to raise their price targets for the company. UBS and Mizuho Securities are the latest to increase their targets, with UBS raising its target to $850 from $580 and Mizuho raising its target to $825 from $625. The demand for Nvidia's AI accelerators continues to outstrip supply, making the stock one of the most-loved equities on Wall Street. Despite analysts' struggles to keep pace with the stock's advance, Nvidia remains a top performer on both the S&P 500 and Nasdaq 100 indexes.

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