Increasing global demand for AI data processing equipment is becoming the foundation of the company’s growth. Analysts at HSBC have raised their NVIDIA stock recommendation from Cut to Buy.
Shares rose 4.1% after HSBC recommendations. Its values have risen 140% after falling in October 2022, reaching their highest level in 2023.
Recall that recently NVIDIA “chased” one success after another. First, the RTX 40XX series of graphics cards proved to be a breakthrough that caused a flurry of positive reviews, and then the AI boom caused companies to apply en masse for the brand’s processors.
Source: Ferra
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