Posted 2/22/2024, 3:04:00 PM
Nvidia's Strong AI and Data Center Growth Sparks Rally in Semiconductor Stocks
- Nvidia reported strong Q4 results and outlook, sparking a rally in AI and semiconductor stocks
- Nvidia CEO highlighted "tipping point" for AI and accelerated computing driving surging demand
- Rosenblatt Securities raised its price target on Super Micro Computer citing momentum in AI computing
- Semiconductor stocks rose on Nvidia's results pointing to doubling of $1T data infrastructure market
- Wedbush analyst called Nvidia's quarter a "game changing moment" showing the AI revolution is just starting