Posted 3/8/2024, 5:55:00 PM
Nvidia Stock Soars to Record Highs on AI Chip Dominance and Bullish Growth Forecasts
- Nvidia share price has nearly doubled in 2022 due to its dominance of AI chips
- Analysts predict Nvidia's profit growth will outpace Apple's during iPhone boom
- Nvidia stock hitting record highs as investors anticipate rapid profit growth
- Analyst price targets rising quickly trying to keep pace with meteoric stock price
- Mizuho raised its Nvidia target from $850 to $1,000 as stock closed at $926.69