This rise in NVIDIA shares was driven by a number of factors, including analysts at Goldman Sachs and Bank of America raising their target prices for the company’s shares to $800 per share.
Long known for its innovation in gaming GPUs, NVIDIA is now a leader in the field of artificial intelligence.
Due to the popularity of technologies like ChatGPT, demand for its products has skyrocketed, leading to a significant 239% increase in the company’s share price last year.
Today, NVIDIA has the world’s fastest AI GPUs, including the Hopper H100 and Ampere A100 architectures, which are widely used in data centers, cloud services, and the automotive industry.
Experts predict that NVIDIA GPU sales will continue to increase, especially in light of the development of artificial intelligence technologies, which may lead to a further increase in market value.
Source: Ferra
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
