NVIDIA stock (NASDAQ: NVDA) has shown impressive growth in demand for its data center products driving AI applications, leading Rosenblatt analyst Hans Mosesmann to recommend investors buy the stock. The company’s $1,400 price target for NVIDIA stock remains one of the highest on Wall Street, representing a 34% gain even after a rise following its fiscal 2025 first-quarter results. NVIDIA shares have more than doubled in 2024.
NVIDIA has consistently surpassed expectations, beating its own revenue guidance by at least $2 billion for four consecutive quarters. The data center artificial intelligence business is a key driver of growth, with expectations of continued success as NVIDIA projects a significant increase in sales for the current fiscal quarter.
Despite expectations of decreased demand as customers awaited the more powerful Blackwell architecture, NVIDIA has not seen a decline. Shipments of Blackwell are anticipated to begin before the end of the year. NVIDIA CEO Jensen Huang expressed confidence in the company’s growth potential, stating, “We are poised for our next wave of growth. The Blackwell platform is in full production.”
NVIDIA is focused on expanding its presence in the AI market and offering additional value to customers through software solutions in its server stack offerings. This commitment to innovation suggests that the $1,400 price target may just be a stepping stone to even higher prices.
Investors considering buying NVIDIA stock should note that the company was not among the 10 best stocks recently identified by the Motley Fool’s Stock Advisor analyst team. However, historical data shows that NVIDIA has been a strong performer, with the potential for significant returns in the long term.
In conclusion, NVIDIA’s growth in the AI sector and continued innovation in other areas position the company for sustained success. With a high price target and a track record of exceeding expectations, NVIDIA is a stock worth considering for investors looking for long-term growth potential in the technology sector.
Overall, NVIDIA’s strong performance in the AI business, consistent revenue growth, and innovative approach to value creation for customers make it a compelling investment opportunity for those seeking exposure to the rapidly growing AI market. With its high price target and ongoing success in beating expectations, NVIDIA is well-positioned for continued growth and potential future gains in the technology sector.
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https://finance.yahoo.com/news/nvidia-stock-going-1-400-212500484.html
