![]() ![]() ![]() Susquehanna International Group analyst Christopher Rolland described the beat as "unfathomable" in a research note titled "greatest beat of all time?" where he said he raised his price target to $450 from $350 for Nvidia, which last traded at $386.99. Nvidia late on Wednesday announced a second-quarter revenue target more than 50% above Wall Street estimates with plans to boost supply to meet surging demand for its artificial-intelligence chips, which are used to power popular services including ChatGPT. The semi index was last up 6.3% after hitting its highest level since early April 2022 while chip designer Nvidia, its biggest gainer by far, was up 26.7% and trading at record levels with an intraday high of $394.80. NEW YORK/SAN FRANCISCO, May 25 (Reuters) - The Philadelphia semiconductor index (.SOX) hit its highest level in more than a year on Thursday and eyed its biggest one-day percentage gain in six months with artificial intelligence (AI) taking center stage after Nvidia Corp (NVDA.O) wowed investors with financial targets that blew past analyst expectations. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |