$NVIDIA Corp(NVDA)$ has surged

$NVIDIA Corp(NVDA)$ has surged to a new high of $132, and much of the excitement revolves around the upcoming Blackwell GPU architecture. Blackwell is expected to be a game-changer for AI and machine learning workloads, pushing performance limits and cementing NVIDIA’s dominance in the AI hardware market.

The Blackwell chip is designed to meet the increasing demand for high-performance computing, and early indicators suggest it could bring major advancements in efficiency and speed. As AI continues to scale across industries, a chip that can process these complex workloads faster will be a crucial asset.

Given NVIDIA’s track record with Ampere and Hopper, Blackwell could be the next big leap in GPU technology. With the stock hitting $132, it’s clear that investors are anticipating something big.

Nvidia Rebound: Still a Long Term Bet?

Nvidia drop 2% despite exceeding expectations for the third quarter and providing strong guidance. Nvidia posted 81 cents in adjusted earnings per share and $35.08 billion in revenue. Analysts surveyed by LSEG were expecting 75 cents in earnings per share and $33.16 billion in revenue. ----------------- What's your target price for Nvidia? Head to $130 or $140 this week?

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