NVIDIA Corp. stock rises Thursday, outperforms market
Shares of NVIDIA Corp. NVDA rallied 3.97% to $117.87 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 1.70% to 5,713.64 and the Dow Jones Industrial Average DJIA rising 1.
Nvidia Stock Has 41% Upside, According to 1 Wall Street Analyst
William Blair initiated coverage of Nvidia with an outperform rating. Analyst Sebastien Naji thinks investors are not accurately pricing in Nvidia's total addressable market. In doing so, Nvidia has reached a nosebleed valuation and now trades at 40 times forward earnings.
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The Department of Justice has contacted Nvidia relating to the company’s more than 80% market share of the burgeoning AI chip industry.
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Since 2022, the U.S. government has curtailed the export of Nvidia's most advanced chips to China, tightening restrictions ...
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