Islam Saleh’s Post

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Head Of Capital Markets (Regional & International) at AlSalam Investments (Options | Equities | Mutual Funds | ETFS)

Nvidia's AI-fueled bumper earnings have sent the chip giant's shares soaring by more than 12% in premarket trade. The company's revenue for its fiscal Q4 saw a rise of 265% YoY, while net income surged by 769%. These impressive results have prompted a round of broker upgrades, with JPMorgan raising its price target on Nvidia's stock from $650 to $850, and Bank of America Global Research hiked its target from $800 to $925. Nvidia's market-beating numbers dispelled fears and also pulled other global chip stocks higher. #Nvidia #AI #earnings #stocks

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