After Nvidia delivered an impressive first-quarter earnings report on Wednesday, Eastern Time, Wall Street raised its target price for Nvidia.
Although Nvidia has soared more than 100% year-to-date, Wall Street analysts are betting that its stock price will continue to soar amid strong demand driven by artificial intelligence.
In Nvidia's conference call, Nvidia (executive Kress) said that Blackwell chip production capacity is running at full capacity. Both H200 and Blackwell chips are in short supply, and this situation may continue until 2025. I believe that sovereign AI will develop from being worthless to a multi-billion dollar market.
Nvidia CEO Jensen Huang said in a conference call that the next industrial revolution has begun. (Reiterated) Artificial intelligence (AI) will bring obvious productivity gains to "almost every industry."
