Are Wall Street analysts bullish on Nvidia stock?
Photo: Finbold
Nvidia (NASDAQ: NVDA ) stock continues to attract considerable attention from Wall Street amid continued demand for artificial intelligence ( AI ) infrastructure and advanced semiconductors. The optimsm largely follows Nvidia’s reported strong second-quarter financial results, which highlighted the scale of demand for its AI-related products as total revenue reached $96.2 billion, increasing 18% sequentially and 106% year over year. Data Center revenue, the company’s primary growth engine, climbed 117% annually to $89 billion, accounting for the vast majority of total sales. As a result, Nvidia shares are up 8% year-to-date (YTD), trading at $204 at press time.
Source: Finbold
