Nvidia Shares Skyrocket as Goldman Sachs Hikes Target to $800
February 5, 2024
Nvidia's stock reaches a record high following Goldman Sachs' increased price target to $800.
Analysts highlight Nvidia's strong position due to high AI server demand, better GPU supply, and backing from major tech firms.
The company is poised to surpass Advanced Micro Devices in the AI chip market, according to expectations.
Nvidia's fourth-quarter report on Feb. 21 is anticipated to further boost its stock performance.
Despite the surge, Nvidia's stock is still governed by the eight-week hold rule.
Nvidia is regarded as the benchmark in AI technology, outpacing competitors like Intel in the semiconductor industry's growth.
Summary based on 4 sources