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https://www.wsj.com/articles/nvidia-is-still-a-buy-on-wall-street-as-analysts-race-to-boost-price-targets-964e6ec7

Nvidia Is Still a ‘Buy’ on Wall Street as Analysts Race to Boost Price Targets

Graphics chip maker has gained more than $650 billion in market value since October

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Generative AI and a volatile world economy are giving investors reason to buy stock in winners such as Nvidia, explains WSJ’s Jon Sindreu. Photo: Getty Images

An investor craze for artificial intelligence has powered Nvidia’s dizzying rise and pushed the stock to lofty valuations. Wall Street analysts are predicting it has more room to run.

Nvidia NVDA 3.97%increase; green up pointing triangle shares have nearly tripled in 2023, making them the best performers by far in the S&P 500. The graphics chip maker has gained more than $650 billion in market value since hitting a two-year low in October and briefly crossed the $1 trillion mark earlier this week.

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A Marvell Technology Group Ltd. flag outside the company's headquarters in Santa Clara, California, US, on Friday, Sept. 6, 2024. Intel is reportedly planning to sell Altera, its programmable chip unit, as a result of the company's mounting financial struggles, with Marvell Technology seen as a likely buyer, according to media reports. Photographer: David Paul Morris/Bloomberg

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