Analyst: NVIDIA's stock price is expected to rise by nearly 40%, driven by new chips to boost revenue growth

LB Select
2024.07.11 02:22
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NVIDIA's target price for the stock has been raised from $130 per share to $180 per share

KeyBanc Capital Markets analyst John Vinh raised NVIDIA's stock target price from $130 per share to $180 per share in a report on Tuesday (9th), expressing optimism about the revenue potential of the company's newly launched Blackwell chip series. He predicts that one of NVIDIA's Blackwell series chips, the GB200 chip, could generate over $200 billion in revenue by 2025.

In the report, John wrote, "AI demand continues to grow unabated."

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