Nvidia stock went up over 4% on Tuesday because analysts were optimistic about strong demand for its computer chips. Stifel analyst Ruben Roy raised his price target for Nvidia to $180, while Truist Securities’ William Stein raised his price forecast to $167. Roy mentioned that Nvidia is doing well in the market and could make a lot of money in the future. Wall Street analysts also expect Nvidia to sell a lot of chips to Nebius Group, a cloud provider in the US. Even though there were reports of problems with Nvidia’s chips, Nvidia has said that everything is normal. Dell Technologies has already started using Nvidia’s latest chips in their products. Despite some concerns, most analysts are positive about Nvidia’s future earnings and sales. KeyBanc analysts were a bit more cautious, but they still recommend buying Nvidia stock.
Vocabulary List:
- Optimistic /ˌɑːp.tɪˈmɪs.tɪk/ (adjective): Hopeful and confident about the future.
- Forecast /ˈfɔːr.kæst/ (noun): A prediction or estimate of future events especially in economics or business.
- Concerns /kənˈsɜːrnz/ (noun): Worries or anxieties regarding something.
- Analysts /ˈæn.ə.lɪsts/ (noun): Experts who analyze data and trends in specific fields.
- Demand /dɪˈmænd/ (noun): The desire of consumers to purchase goods and services.
- Cautious /ˈkɔː.ʃəs/ (adjective): Careful to avoid potential problems or dangers.
How much do you know?
Who raised the price target for Nvidia to $180?
Which cloud provider in the US is expected to buy a lot of chips from Nvidia?
Who has already started using Nvidia's latest chips in their products?
What percentage did Nvidia stock increase by on Tuesday?
What is the price forecast raised to by William Stein?
Which analyst group recommends buying Nvidia stock despite being cautious?
Analysts were pessimistic about the demand for Nvidia's computer chips.
There were no reports of problems with Nvidia's chips.
All Wall Street analysts expect Nvidia to sell a lot of chips to Nebius Group.
Nvidia mentioned that everything is normal with their chips.
KeyBanc analysts do not recommend buying Nvidia stock.
Dell Technologies is not using Nvidia's latest chips in their products.
What is the new price target set by Ruben Roy for Nvidia? $
Nvidia stock went up over % on Tuesday.
KeyBanc analysts were more cautious but still recommend buying Nvidia stock. Fill in the blank: KeyBanc analysts recommend Nvidia stock.
Despite some concerns, most analysts are about Nvidia's future earnings and sales.