All I hear is buy and I bought more!! [Miser]
Nvidia's stock is set to gain, with rivals seen to be in perpetual catch-up mode
Nvidia's product cadence, software emphasis and full-system approach help extend the company's competitive moat, according to an analyst. The Nvidia Corp. stock rally has reignited, with the stock heading to a consecutive day of gains after a recent slide into correction territory.While analysts are a bullish bunch on Nvidia's stock in terms of their ratings - three quarters rate it the equivalent of a buy - they're behind in updating their price targets to account for Nvidia's sizable post-earnings stock gains. But at least two issued target boosts ahead of Wednesday's open, including Cantor Fitzgerald's C.J. Muse, who's now the second most upbeat analyst on the stock."We have never seen a more-torrid pace of technology innovation and subsequent reduction in cost of compute as we are seeing today - all driven by [Nvidia] and its full-system approach," Muse wrote, as he lifted his price target to $175 from $140.Nvidia shares were up 2.4% in Wednesday's premarket action after rising 6.
Nvidia's stock is set to gain, with rivals seen to be in perpetual catch-up modeDisclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.