Michael Burry Targets NVIDIA
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Google, NVIDIA
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Nvidia, stocks
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Nvidia has been vocal in refuting budding criticisms, and there’s debate over the merits of its communications strategy.
This year’s revenues are anticipated to be around $215 billion, with the figure expected to surpass $300 billion next year.
Dow industrials add more than 600 points, biggest gain since August.
The Trump administration is weighing whether to let Nvidia sell H200 AI chips to China, pitting national security worries against a massive chip market.
Nvidia reported more eye-catching numbers for its fiscal third quarter Wednesday, with net income jumping 65% and revenue increasing 62% from a year earlier.
Goldman Sachs analyst James Schneider reiterated a buy rating and raised Nvidia’s stock price target to $250, citing steady demand for AI gear, as reported by TipRanks.
Nvidia Corp.’s Jensen Huang continues to play catch up with his philanthropy, as his company’s soaring stock keeps raising the bar for how much his foundation has to give away.
The chipmaker's record growth will allay investor concerns about an artificial intelligence bubble, analysts say.
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