Wall Street is rushing to raise price targets on Nvidia
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Nvidia investors were already expecting strong guidance from the company, but they seemed to need "some hand-holding" from management given the recent pressure on AI stocks. And CEO Jensen Huang delivered,
Nvidia reported quarterly results that handily topped Wall Street expectations, sending the stock sharply higher in after-hours trading.
Nvidia’s sales of the computing chips powering the artificial intelligence craze surged beyond the lofty bar set by stock market analysts in a performance that may ease recent jitters about a Big Tech boom turning into a bust that topples the world’s most valuable company.