Nvidia (NVDA) just posted another banger earnings report on Aug. 26, blowing past Wall Street's expectations as sales more than doubled and adjusted profit handily cleared estimates.
Then Raymond James raised the temperature further when the firm's 5-star ****** yst Simon Leopold dropped an eye-popping new Nvidia price target, which is comfortably above other major Wall Street forecasts.
Investors responded with force post earnings, as, per Bloomberg, Nvidia stock jumped 8.7% the following session to $227.9. This added $442 billion in market value, while finishing just below its record close after another punishing choppy stretch.
Moreover, it's important to note that Leopold's call lands after Nvidia stock has gained nearly 21% year to date and around 8% over the past three months, according to Seeking Alpha, despite concerns that AI spending, competition, and elevated memory costs might slow the company's momentum.
Leopold believes Wall Street is still underestimating Nvidia's massive scale and sees supply, rather than customer demand, as arguably the biggest obstacle ahead.
#NVIDIA #wall #nvda
Then Raymond James raised the temperature further when the firm's 5-star ****** yst Simon Leopold dropped an eye-popping new Nvidia price target, which is comfortably above other major Wall Street forecasts.
Investors responded with force post earnings, as, per Bloomberg, Nvidia stock jumped 8.7% the following session to $227.9. This added $442 billion in market value, while finishing just below its record close after another punishing choppy stretch.
Moreover, it's important to note that Leopold's call lands after Nvidia stock has gained nearly 21% year to date and around 8% over the past three months, according to Seeking Alpha, despite concerns that AI spending, competition, and elevated memory costs might slow the company's momentum.
Leopold believes Wall Street is still underestimating Nvidia's massive scale and sees supply, rather than customer demand, as arguably the biggest obstacle ahead.
#NVIDIA #wall #nvda
15 hours ago
