Nvidia stock analysis (NVDA)

CEO Jensen will participate a Tuesday fireside chat at the NVDA’s AI Summit India, the major, sold-out event in Mumbai. He will discuss AI’s impact in various industries and India’s emerging leadership role in technology. NVDA will have its big tech earnings next week, which will impact significantly for its shareholders. Big Tech purchases lots of NVDA’s leading AI chips.

GS increased NVDA’s PT from $135 to $150 and maintain a buy rating. Analysts noted an enhanced appreciation after interviewing with CEO Jensen Huang. MS also emphasized NVDA’s market lead. 

MS analysts recently Met CEO Jensen Huang and CFO Colette Kress in NY, noting “long-term confidence remains high.” NVDA is MS semiconductor’s top pick. 

NVDA and FOXCONN are collaborating to build Taiwan’s largest supercomputer, which will be based on NVDA’s new Blackwell chip platform. This marks a significant step in Taiwan’s AI development.

CEO Jensen Huang announced that their new chip platform, Blackwell, is in full production and experiencing high demand. This has been positively received, with the stock aiming for consecutive gains.

2024Q3:

S&P 500’s gain is contributed significantly by Nvidia. It soars about 4% after news broke that CEO Jensen Huang and completed his predetermined trading plan. It involved selling a substantial number of shares, which now draws a temporary conclusion for investors. Huang as Nvidia’s largest shareholder has created immense value during the AI boom. The rally of Nvidia was mostly due to the completion of this plan.