Truist raises Nvidia stock target: 'Number one can become number one-er'
) became the number one company in terms of market valuation and it can now become “number on-er,” Truist Securities analysts said in a Wednesday note.) as the world’s most valuable public company. However, the chipmaker’s shares then fell in several consecutive sessions, losing the top position.
However, the firm said its comprehensive analysis of the data indicates “that becoming the largest company by market cap does not appear to systematically challenge future investment returns.” Overall, analysts continue to view NVDA as the top choice for investing in the AI theme. Citing recent feedback from industry contacts, including component buyers and sellers, they note that there is ongoing and broadening demand for Nvidia's GPU systems. While Blackwell systems are particularly favored, Hopper systems are also being well received.Scan QR code to install app
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