"Nvidia Targets Sovereign Nations as Next AI Customers"
Analysts predict that the next major buyers of Nvidia's AI systems will be sovereign nations, with potential customers including Japan, Malaysia, South Korea, Sweden, Saudi Arabia, and the United Arab Emirates. Following the GTC 2024 conference, Nvidia's stock rose as the company revealed its expanding customer base. UBS analyst Timothy Arcuri reiterated a buy rating on Nvidia stock and raised the price target to $1,000, anticipating significant revenue growth in the coming years.