The company's stunning progress garnered the love of Wall Street, with analysts upping their price targets on the stock to account for future growth and naming it among their top AI picks.
Nvidia's 'iPhone moment' Few could have predicted the frenzy ChatGPT would create when it debuted in late 2022, but no company could have been better prepared for the excitement than Nvidia.
What to expect in 2024 Many on Wall Street don't foresee Nvidia hype dying down in the new year.
In fact, many investors expect shares to keep rising as long as the company can smash expectations and guide higher.
That's a feat many on Wall Street expect the company to accomplish, with the consensus price target implying another 35% upside for shares, according to FactSet.
Persons:
Paul Meeks, Karl Freund, Freund, They've, Kim Forrest, Meeks, there'll, Ken Mahoney, Forrest, they've
Organizations:
Nvidia, Devices, Research, Bokeh Capital Partners, Intel
Locations:
Nvidia's