Nvidia: NVDA May Surge to $180 as Wall Street Expects Earnings Boost
One of the most anticipated reports of the earnings season is on the horizon, as Nvidia (NVDA) could be headed toward the $180 level as Wall Street is expecting a Q3 boost. Th chipmaker is receiving a near-unanimous buy rating as the price target has only gotten increased in recent weeks. November 20th represents the key day and could set the tone for how the AI chipmaker will perform in the coming week. Although it has had a dominant 2024, increasing more than 150%, there is debate regarding whether or not it can continue to be the premiere stock option of 2025. Source: CNBC Also Read: How Amazon (AMZN) is Set to Challenge Nvidia’s AI Dominance Nvidia Looking to End 2024 Above $180? For much of the last year, artificial intelligence has dominated Wall Street. With the arrival of OpenAI’s ChatGPT, the demand for generative AI products has surged. Moreover, it has led to increased investment in the sector from companies that are hoping to keep pace in the ongoing AI arms race...