On a recent episode of CNBC’s ‘Fast Money,’ Ben Reitzes, an analyst from Melius Research, discussed Nvidia’s recent price action and shareholder meeting. Reitzes explained that Nvidia’s stock has been performing well recently, with the company’s share price reaching new highs. He also mentioned that Nvidia recently held a shareholder meeting where they discussed their future plans and strategy.
One of the key reasons for Nvidia’s strong performance, according to Reitzes, is their focus on key growth areas such as artificial intelligence, gaming, and data centers. These are all areas where Nvidia is a leader, and Reitzes believes that the company is well-positioned to continue growing in these markets.
Reitzes also mentioned that Melius Research is raising its price target for Nvidia, reflecting their bullish outlook on the company’s future prospects. He believes that Nvidia’s strong performance in key growth areas, combined with their solid financials and management team, make them an attractive investment opportunity.
Overall, Reitzes’ comments on Nvidia paint a positive picture of the company’s current performance and future outlook. He believes that Nvidia’s focus on key growth areas, combined with their strong financials and management team, make them a solid investment choice for investors looking to capitalize on the growth of artificial intelligence, gaming, and data centers.
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https://www.cnbc.com/video/2024/06/26/expect-nvidia-to-deliver-more-cash-to-shareholders-says-melius-ben-reitzes.html