Nvidia Soars to Record Highs as Gaming and Data Center Segments Surge, Analysts See More Upside Ahead
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Nvidia stock has surged 66% year-to-date to record highs around $820 per share. Top analyst Ivan Feinseth sees 20% upside to $985.
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Nvidia's Data Center segment revenue soared 409% year-over-year last quarter to $3.26 billion, powering overall growth. Additional collaborations will drive further gains.
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The Gaming segment recovered with 56% revenue growth as Nvidia rolled out new GeForce RTX 40 GPUs and Avatar Cloud gaming services.
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Over 500 games and apps now utilize Nvidia's AI-powered graphics platforms like DLSS and ray tracing. RTX adoption continues rapid expansion.
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With numerous catalysts ahead, analysts overwhelmingly rate NVDA stock a Buy. Consensus price target implies 8% upside.