Nvidia's $3 trillion rally faces challenges, Wall Street stays confident

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Nvidia's $3 trillion rally faces challenges, Wall Street stays confident - Business Standard

Quick Summary:

But Huang said it’s in full production now and will begin shipping in the current quarter, adding that demand for Blackwell is “very strong” and expected to exceed supply for several quarters. Advanced Micro Devices Inc.is probably Nvidia’s closest competitor.

Nvidia shares are projected to rise 32% over the coming year, according to the average of analyst price targets compiled by Bloomberg.

Nvidia Corp.’s $3 trillion run-up in market value in the two years since ChatGPT helped trigger an AI frenzy is bigger than any stock rally in history in such a short time span.