{"id":116972,"date":"2024-10-22T07:01:50","date_gmt":"2024-10-22T00:01:50","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=116972"},"modified":"2024-10-22T07:01:50","modified_gmt":"2024-10-22T00:01:50","slug":"nvidia-stock-soars-to-fresh-record-as-wall-street-stays-bullish-ahead-of-earnings","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=116972","title":{"rendered":"Nvidia stock soars to fresh record as Wall Street stays bullish ahead of earnings"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Nvidia (<a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/NVDA\" data-ylk=\"slk:NVDA;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">NVDA<\/a>) stock closed at a record high on Monday as Wall Street analysts held firm on their bullish positions on the stock ahead of its earnings report in November.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Shares of the leading AI chipmaker rose over 4% to close at $143.71 per share.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->The move comes as Wall Street analysts reiterate their Buy ratings on the stock. Citing strong demand for artificial intelligence, Bank of America (<a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/BAC\" data-ylk=\"slk:BAC;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">BAC<\/a>) on Friday raised its price target from $165 to $190 (go <a data-i13n=\"cpos:3;pos:1\" href=\"https:\/\/finance.yahoo.com\/video\/why-nvidia-generational-investment-opening-120041214.html\" data-ylk=\"slk:inside the call;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">inside the call<\/a> with analyst Vivek Arya below from the <a data-i13n=\"cpos:4;pos:1\" href=\"https:\/\/finance.yahoo.com\/videos\/series\/opening-bid\/\" data-ylk=\"slk:Opening Bid;cpos:4;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Opening Bid<\/a> podcast), while investment research firm CFRA raised its price target for Nvidia last week from $139 to $160. Overall, analysts see shares rising to $148.37 over the next 12 months, according to Bloomberg consensus estimates.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->In addition to growth in the AI market at large, Bank of America analyst Vivek Arya said Nvidia\u2019s strength in the enterprise AI space \u2014 i.e., its partnerships with companies such as Microsoft (<a data-i13n=\"cpos:5;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/MSFT\" data-ylk=\"slk:MSFT;cpos:5;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">MSFT<\/a>) and Accenture (<a data-i13n=\"cpos:6;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/ACN\" data-ylk=\"slk:ACN;cpos:6;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">ACN<\/a>) \u2014 is another factor contributing to his higher price target. Arya said \u201cNVDA is the partner of choice\u201d for enterprise AI hardware and software.<!-- HTML_TAG_END --><\/p>\n<figure class=\"yf-8xybrv\">\n<div class=\"image-container yf-24rror loader\" style=\"--max-height: 668px;\">\n<div class=\"image-wrapper yf-24rror\" style=\"--aspect-ratio: 960 \/ 668; --img-max-width: 960px;\"><img fetchpriority=\"high\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Nvidia headquarters in Santa Clara, California. (Photo by Justin Sullivan\/Getty Images)\" loading=\"eager\" height=\"668\" width=\"960\" class=\"yf-24rror loader\"\/><\/div>\n<\/div><figcaption class=\"yf-8xybrv\"><!-- HTML_TAG_START -->Nvidia headquarters in Santa Clara, Calif. (Justin Sullivan\/Getty Images)<!-- HTML_TAG_END -->  <span class=\"caption-separator yf-8xybrv\" data-svelte-h=\"svelte-nxhdlu\">\u00b7<\/span> <span>Justin Sullivan via Getty Images<\/span><\/figcaption><\/figure>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Wedbush analyst and Nvidia bull Dan Ives echoed that sentiment in a note to investors Sunday, writing that there is \u201ca tidal wave of enterprise spending as AI use cases explode,\u201d with Nvidia leading the market.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Ives forecasts the AI infrastructure market to grow tenfold between now and 2027, with companies spending $1 trillion on AI capital expenditures in that time frame.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->\u201cIn a nutshell, we believe the stage is set for tech stocks to see another 20% move higher in 2025 with this tech bull market just hitting its next phase led by the AI Revolution,\u201d Ives added. \u201cIn our opinion as the Fed and Powell have kicked off its aggressive rate cutting cycle, macro soft landing remains the path, and tech spending on AI remains a generational spending cycle just starting to hit the shores of the tech sector.\u201d<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Despite <a data-i13n=\"cpos:7;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/nvidia-stock-tumbles-from-record-high-on-news-of-possible-us-chip-export-cap-asmls-dismal-earnings-163259227.html\" data-ylk=\"slk:a short-lived tumble last week;cpos:7;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">a short-lived tumble last week<\/a> and <a data-i13n=\"cpos:8;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/asml-earnings-disappointment-isnt-a-disaster-for-the-ai-chip-sector-211412268.html\" data-ylk=\"slk:looming fears of an AI spending slowdown;cpos:8;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">looming fears of an AI spending slowdown<\/a>, Nvidia shares have risen nearly 3% over the past week and more than 20% in the last month.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Nvidia CEO Jensen Huang has said there is <a data-i13n=\"cpos:9;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/nvidia-stock-rises-as-ceo-jensen-huang-touts-insane-chip-demand-162700341.html\" data-ylk=\"slk:\u201cinsane\u201d demand for its AI chips;cpos:9;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">\u201cinsane\u201d demand for its AI chips<\/a>, which are used in data centers by Big Tech companies to power generative artificial intelligence software. Recent positive news from the company&#8217;s industry partners has also <a data-i13n=\"cpos:10;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/nvidia-and-other-chip-stocks-surge-with-no-sign-of-ai-spending-slowdown--for-now-212335257.html\" data-ylk=\"slk:boosted AI stocks across the board;cpos:10;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">boosted AI stocks across the board<\/a>, including Nvidia. <a data-i13n=\"cpos:11;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/micron-stock-soars-as-q1-revenue-forecast-tops-analyst-estimates-123207244.html\" data-ylk=\"slk:Micron;cpos:11;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">Micron<\/a> (<a data-i13n=\"cpos:12;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/MU\" data-ylk=\"slk:MU;cpos:12;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">MU<\/a>), which supplies memory chips used in Nvidia\u2019s GPUs, and <a data-i13n=\"cpos:13;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/chip-stocks-rally-as-tsmc-forecasts-strong-ai-demand-for-many-years-155420433.html\" data-ylk=\"slk:TSMC;cpos:13;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">TSMC<\/a> (<a data-i13n=\"cpos:14;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/TSM\" data-ylk=\"slk:TSM;cpos:14;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">TSM<\/a>), which manufactures Nvidia\u2019s AI chips, both surpassed Wall Street\u2019s expectations in their recent earnings reports.<!-- HTML_TAG_END --><\/p>\n<p><button class=\"secondary-btn fin-size-large readmore-button rounded   yf-15mk0m\" data-ylk=\"elm:readmore;itc:1;sec:content-canvas;slk:Story%20Continues\" aria-label=\"Story Continues\" title=\"Story Continues\"> <span>Story Continues<\/span> <\/button> <\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/finance.yahoo.com\/news\/nvidia-stock-soars-to-fresh-record-as-wall-street-stays-bullish-ahead-of-earnings-190404027.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nvidia (NVDA) stock closed at a record high on Monday as Wall Street analysts held firm on their bullish positions on the stock ahead of its earnings report in November. &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=116972\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-116972","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/116972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=116972"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/116972\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=116972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=116972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=116972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}