Nvidia Shares Skyrocket as Goldman Sachs Hikes Target to $800

February 5, 2024
Nvidia Shares Skyrocket as Goldman Sachs Hikes Target to $800
  • 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


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