NVIDIA Stock Forecast: Analysts Weigh In
Analyst Recommendations
Analysts are generally bullish on NVIDIA's stock, with a consensus recommendation of "buy." They cite the company's strong financial performance, leadership in the artificial intelligence and gaming markets, and growing data center business as reasons for their optimism.
Key Metrics
NVIDIA's recent financial results have been impressive. In its latest quarter, the company reported revenue of $8.29 billion, up 53% year-over-year. Net income also increased significantly, by 71% to $3.36 billion. The company's gross margins have also been expanding, reaching 67% in the latest quarter.
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