Posted 3/19/2024, 8:16:16 PM
Nvidia Wins Over Wall Street With Powerful New AI Chip and Broad Ecosystem
- Wall Street analysts reacting positively to Nvidia's unveiling of new products at its AI conference, with firms like Goldman Sachs and Wells Fargo raising price targets
- Analysts from JPMorgan, Bank of America, and AB Bernstein issuing bullish reviews, with the latter remarking on Nvidia's ability to "sell out a stadium"
- Lack of competition for Nvidia fuels investor optimism according to Yahoo Finance analysts
- Nvidia CEO unveiled company's newest and most powerful AI chip, costing between $30k-40k, hinting at more products for 2024
- Analysts focused on Nvidia as an unmatched platform, with software, networking, and ecosystem increasingly important along with its chips