NVIDIA Stock Gets a New Street-High Price Target
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Nvidia stocks crashed around 2.6% on Tuesday after reports that Meta was looking to buy Google's AI chips or TPUs. Google's TPUs have been billed as a cheaper, more efficient alternative to Nvidia's GPUs.
Is there a more promising option? It appears that its counterpart, NVIDIA, offers you more. NVIDIA (NASDAQ: NVDA) stock
Thus far, Nvidia's graphics processing units ( GPUs) have been the go-to hardware for training and running advanced AI models. The competitive edge provided by the company's high-end processors has allowed the business to command stellar pricing power and deliver a run of record-breaking earnings growth.
Nvidia blew past high expectations when it reported quarterly results last week. Its stock is getting hit anyway.
Nvidia is currently valued at $4.3 trillion – having briefly reached about $5 trillion earlier this year – yet the H100, H200, and Blackwell
A report that Alphabet is picking up efforts to compete with Nvidia in offering artificial-intelligence chips is the latest tailwind for the Google parent’s stock. Google is talking to Meta Platforms and others about using its AI chips,
NVIDIA Corporation (NASDAQ:NVDA) is one of the Best Quantum Computing Stocks to Invest In Right Now. On November 20, analyst Mark Lipacis at Evercore ISI lifted the price objective on the company’s stock from $261 to $352,