1 Wall Street Analyst Thinks Nvidia Stock Is Going to $175. Is It a Buy Around $140?

Nvidia (NASDAQ: NVDA) dominated much of the conversation among investors in 2024 as the stock marched 171% higher for the year. That was for good reason, as revenue and earnings exploded, with many big tech companies scrambling to acquire Nvidia's advanced chips for artificial intelligence (AI) data centers.CEO Jensen Huang just gave the keynote speech at the CES conference in Las Vegas, providing updates on Nvidia's latest advanced semiconductor chips and other products. That news led one Wall Street analyst to recommend that Nvidia stock should be bought. Oppenheimer analyst Rick Schafer sees another 25% upside from recent levels, with a price target of $175 per share.Huang's CES presentation wasn't what some analysts expected. Many expected him to provide more details on sales of the latest Blackwell GPU (graphics processing unit) architecture, or insights into the next-generation Rubin platform. But Huang instead looked even beyond that.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool