Nvidia's Stock Sees Some Gains Melt, But an Analyst Glimpses Big Upside Ahead

By Emily Bary Nvidia Corp.'s stock could book a further 38% increase, judging by the latest price-target hike on Wall Street. KeyBanc Capital Markets analyst John Vinh boosted his price target on $

MarketWatch14:08 ET

Even venture capital firms are stocking up on GPUs! a16z plans to purchase over 0.02 million GPUs, comparable in scale to Musk's xAI.

To catch up with the AI wave, not only the technology giants, but also the venture capitalists have begun to hoard GPUs. According to insiders, the venture capital firm Andreessen Horowitz (a16z) has stockpiled thousands of GPUs, including Nvidia H100 GPUs, and plans to hoard more than 20,000 GPUs in the future specifically for renting to AI startup companies.

wallstreetcn23:58 ET

Nvidia Insider Sold Shares Worth $30,688,598, According to a Recent SEC Filing

Jen Hsun Huang, Director, President and CEO, on July 05, 2024, sold 240,000 shares in Nvidia (NVDA) for $30,688,598. Following the Form 4 filing with the SEC, Huang has control over a total of 865,098

MT Newswires16:26 ET

Express News | Nvidia Corp : Keybanc Raises Target Price to $180

Reuters22:56 ET

Is Nvidia Stock Going to $150 in the Wake of Its High-profile 10-for-1 Stock Split?

The paradigm shift represented by artificial intelligence (AI) is having a pronounced effect on the tech landscape, and nowhere is that more apparent than Nvidia (NASDAQ: NVDA).

The Motley Fool22:18 ET

Made billions of dollars in profit in the second quarter! The bear market stays steady with no hindrance to the rise of US stocks.

According to the Zhitong Finance APP, in the second quarter of this year, bearish investors in the US stock market made significant profits. Despite the overall market continuing to rise, they successfully shorted some US symbols.

Zhitong Finance19:39 ET