Bank of America (BAC) analysts have raised their price target on Nvidia (NVDA), emphasizing continued confidence in the semiconductor giant's AI growth...
), emphasizing continued confidence in the semiconductor giant's AI growth potential. The firm has increased its target from $165 to $190 per share, with analyst Vivek Arya citing Nvidia 's position at the
This is what we saw back in the late eighties when the internet started that, you know, there was a small moment in the Department of Defense and then gradually it reached the commercial stage.But what we saw during that nearly 10 to 20 year phase was new business models get created.Microsoft changed its entire way of doing business.
But then when you think about the dominance and dominant role that they play, but as you get more and more money allocated to this space, there's more room for other companies to your point to do.So it's not just NVIDIA that's going to shine within the space, but there's lots of reason to be optimistic about A I.
And Mattie, you and I talked to so many analysts and strategist portfolio managers over the last several weeks that have remained extremely optimistic about NVIDIA. The Tony Award winner has found brilliant ways to challenge audiences from the stage just like several theater luminaries before her.Should You be Bullish on Sprott ?
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank of America is down: Customers report widespread outageBank of America customers report having trouble accessing their bank accounts on Wednesday.
Read more »
Bank earnings, Nvidia record high, oil prices sink: 3 ThingsUS stock futures (ES=F, NQ=F, YM=F) are flat Tuesday morning coming off the Dow Jones Industrial Average (^DJI) and S&P 500's (^GSPC) record highs. Top...
Read more »
Berkshire Hathaway sells more Bank of America shares, netting about US$9-billion since JulyThe conglomerate said it sold around 21 million shares between Sept. 20 and Sept. 24 for around $863-million, following sales of about 45.6 million shares in multiple rounds earlier in the month
Read more »
Bank of America Customers Report Account Access IssuesMany Bank of America customers reported difficulties accessing their accounts and viewing balances on Wednesday. The bank acknowledged the issue and stated it was largely resolved, but some users continued to experience problems.
Read more »
Bank of America to open more than 165 new branches by end of 2026Bank of America plans to open more than 165 U.S. branches by the end of 2026, the lender said on Monday, as it competes with JPMorgan Chase to add locations....
Read more »
Big hedge funds' share of industry hits 8-yr high, says Bank of AmericaThe largest players now make up about three-quarters of the hedge fund industry, as the likes of multi-strategy firms have taken up the lion's share of the...
Read more »