{"id":34098,"date":"2023-07-11T08:28:11","date_gmt":"2023-07-11T12:28:11","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/nvidia-stock-snags-higher-price-target-ai-demand-is-even-stronger-than-thought\/"},"modified":"2023-07-11T08:28:12","modified_gmt":"2023-07-11T12:28:12","slug":"nvidia-stock-snags-higher-price-target-ai-demand-is-even-stronger-than-thought","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=34098","title":{"rendered":"Nvidia Stock Snags Higher Price Target. AI Demand Is Even Stronger Than Thought."},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000689048\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>Chip maker<br \/>\n        Nvidia<br \/>\n      \u2018s price target was raised at KeyBanc overnight. The shares were rising in premarket trading.\u00a0<\/p>\n<p>Analysts led by John Vinh increased their<br \/>\n        Nvidia<br \/>\n       (ticker: NVDA) price target to $550 from $500 as part of a broader review of the semiconductor industry. The move follows<br \/>\n        Morgan Stanley<br \/>\n       reiterating on Monday that Nvidia is a top pick and has significant upside.\u00a0<\/p>\n<div class=\"paywall\">\n<p>Nvidia advanced 0.7% in premarket trading Tuesday to $424.90.<\/p>\n<p>The potential uses of artificial intelligence have fueled Nvidia\u2019s 189% gain this year, propelling it to be the first $1 trillion semiconductor maker. The trend isn\u2019t going to change any time soon, Nvidia said.<\/p>\n<p>Among chip makers, Nvidia is \u201cfundamentally best positioned, as we are seeing increasing demand trends across the entire supply chain for generative AI servers. Robust demand is not only coming from cloud [computing companies] but also enterprise and from AI start-ups,\u201d the KeyBanc analysts wrote.<\/p>\n<p>Write to Brian Swint at brian.swint@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/nvidia-stock-price-target-ai-chips-cbee1e1a?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chip maker Nvidia \u2018s price target was raised at KeyBanc overnight. The shares were rising in premarket trading.\u00a0 Analysts led by John Vinh increased their Nvidia (ticker: NVDA) price target to $550 from $500 as part of a broader review of the semiconductor industry. The move follows Morgan Stanley reiterating on Monday that Nvidia is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":28552,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-34098","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nvidia Stock Snags Higher Price Target. AI Demand Is Even Stronger Than Thought. | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Chip maker Nvidia \u2018s price target was raised at KeyBanc overnight. 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