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Nvidia is Up 226% YTD, But AI Rally is Far From Over as Analysts Set $700 Target
TD Cowen analysts hiked their price target on Nvidia stock from $600 to $700 despite its 226% year-to-date rally.
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Will the New Chip Export Restrictions Hurt Nvidia? Shares Open 6% Down
Shares of Nvidia fell over 6.6% at the opening bell after the US unveiled new restrictions for AI chip exports to China.
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Short Sellers Have Lost $11.36B Betting Against Nvidia this Year
Short sellers lost over $11 billion in 2023 on their bearish positions against Nvidia.
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Nvidia Becomes a $1 Trillion Company as Shares Up 3.5% Premarket
Nvidia's shares jumped more than 25% last week after the company's better-than-expected Q1 2023 earnings and guidance.
Market Analysis
Nvidia’s One-Day Gain Nearly Equals Ethereum’s Market Cap
Blockchain technology may have created a $1.1 trillion market in a decade, but the AI boom is pushing a single company to surpass it.