Nvidia Could Surge to $204 After Q3 Boost Fueled by Blackwell GPU Demand 🚀
Analyst predicts Nvidia's stock may reach $204 thanks to strong Blackwell GPU sales and solid profit margins following Q3. Don't miss the potential rally!
Benzinga
1.7K views • Nov 13, 2024
About this video
Nvidia may see a potential stock rally, possibly reaching $204, according to financial analyst Yiannis Zourmpanos. The rally is driven by strong demand for its Hopper and Blackwell GPUs. The Blackwell units are expected to bring in up to $6 billion in the coming quarter. Morgan Stanley analyst Joseph Moore echoes this optimism, aligning with the earnings forecast. Analysts anticipate a 14% rally for Nvidia, citing its robust market position and ongoing demand for AI-focused GPUs.
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Nov 13, 2024
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