(CercleFinance.com) – The Nvidia title climbed again this Wednesday on the New York Stock Exchange in the wake of the conference for developers organized by the manufacturer of graphics processors, which was very well received by the market.
At 11:50 a.m., the action of the Santa Clara (California) group jumped 3.5%, while the Nasdaq only took 0.2% at the same time, bringing its gains to more than 11% in just five sessions. .
The action is still highly sought after as several analysts welcome in their notes the announcements made by the company on the occasion of the ‘GTC 2023’ conference devoted largely to AI, accelerated computing and the metaverse.
In a study released in the morning, the Bank of America teams reiterated their buy recommendation on the value, while raising their target price to 310 dollars.
Professionals highlight Nvidia’s status as an emerging ‘leader’ in the nascent artificial intelligence market, where they say the company has a full range of solutions (chips, software, architectures, services and developers) .
Analysts at Mizuho, also on the buy side, raised their target from $230 to $290 while making the stock their ‘preferred stock’ despite the 78% rise it has already posted since the beginning of the year.
For their part, those of Wells Fargo raise their target from 275 to 320 dollars, while maintaining their advice to ‘overweight’ the title.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
Are you following this action?
Receive all the news about NVIDIA in real time: