Shares of Nvidia (NVDA) are soaring on Monday following the company's announcement of new AI chips, sparking optimism among investors and analysts. In a...
) are soaring on Monday following the company's announcement of new AI chips, sparking optimism among investors and analysts. In a bullish move, Bank of America analysts have raised their price target on the chipmaker to $1,500, up from the previous target of $1,320.We're gonna get to some trending tickers we are watching this morning, we gotta start with the big guy here Invidia.Those shares are up a little over 3.
So you talk about that runway for growth and I think a lot of that optimism was reflected in this new uh price target that we're getting out here from Bank of America uh earlier this morning, 1500 that's up from 1320.Uh They're still saying that we're early in the cycle here for the sector A it wins and solid free cash flow, they see near term, it might be a bit stretch, but the semiconductor cycle has legs for another 12 to 18 months.
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