NVIDIA Corporation’s stock has significant room for growth, according to Cantor Fitzgerald analysts. The company’s technological innovation and cost reduction in computing are driving AI proliferation and strengthening its competitive advantage. Over the past decade, Nvidia has improved AI performance drastically and CEO Jensen Huang projects further growth in the future. The company’s opportunity is transforming to a percentage of global IT spending and GDP spending, with Cantor analysts rating it as a Top Pick and raising the price target to $175.
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