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Nvidia Rises As Analysts Get Bullish After 198% Gain With Earnings Due; Is Nvidia A Buy Now?

Artificial intelligence chip leader Nvidia rose on Monday as analysts increased their price target ahead of the company's third-quarter earnings report. On Wednesday, Nvidia stock broke out again at a proper buy point of 140.76 and finished at an all-time high on Thursday. The stock held 9% in weekly gains, erasing the prior week's losses, when Nvidia finished 4.3% lower amid earnings from Magnificent Seven companies Microsoft and Meta Platforms. Read More...

Artificial intelligence chip leader Nvidia rose on Monday as analysts increased their price target ahead of the company’s third-quarter earnings report. On Wednesday, Nvidia stock broke out again at a proper buy point of 140.76 and finished at an all-time high on Thursday. The stock held 9% in weekly gains, erasing the prior week’s losses, when Nvidia finished 4.3% lower amid earnings from Magnificent Seven companies Microsoft and Meta Platforms.

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