As we noticed yesterday, share of Nvidia surged to a record high close on Monday after the world's most valuable chipmaker unveiled new desktop graphics processors taking advantage of artificial intelligence. I believe the next target price for NVIDIA will be 600 USD, which is easily achievable in 2024. [Bless] [Bless] [Bless]
Nvidia's stock climbed 6.43% to end at $522.53, its highest close ever, after the company announced the GeForce RTX 40 SUPER Series of graphics processors, aimed primarily at videogame enthusiasts. Nvidia unveiled three new desktop graphics chips with extra components that will let gamers, designers and other computer users make better use of AI on their personal machines without having to rely on remote services accessed over the internet.
Not to forget, China's rising EV 🚗🚗🚗 brands are a key market for Nvidia's automotive technology business. Chinese automakers are racing each other to launch more advanced in-vehicle infotainment displays and automated driving functions. That's created a growth opportunity for Nvidia, Intel, Qualcomm and other semiconductor manufacturers.
I believe 2024 will be another great cyclic year [Call] [Call] [Call] [Call] [Call] [RIP] [RIP] [RIP] [RIP] [RIP] [666] [666] [666] [666] [666] for semiconductor. How do you think?
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