Nvidia Set For Gains From AI Cloud Demand, Blackwell Launch, And Data Center Expansion: Analyst

Analyst Rick Schafer raised Nvidia's price target to $175, citing strong AI demand and Blackwell chip sales ramping up next year. Schafer projects Nvidia’s d...

Nvidia Set For Gains From AI Cloud Demand, Blackwell Launch, And Data Center Expansion: Analyst
Benzinga
326 views ‱ Nov 15, 2024
Nvidia Set For Gains From AI Cloud Demand, Blackwell Launch, And Data Center Expansion: Analyst

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Analyst Rick Schafer raised Nvidia's price target to $175, citing strong AI demand and Blackwell chip sales ramping up next year. Schafer projects Nvidia’s data center revenue to surge 97% YoY, driven by AI accelerators and upcoming Blackwell chip launch.

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326

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0:49

Published

Nov 15, 2024

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