Why Nvidia is a generational investment: Opening Bid

Nvidia stock is once again experiencing a monster run and is up about 13% in October alone. The advance has taken the year-to-date appreciation for the market darling to an astounding 180%. Underneath the surface, excitement continues to build on Wall Street about Nvidia’s new AI chip, dubbed Blackwell. Sector analysts are chattering about a big positive fourth quarter surprise amid the initial rush of Blackwell demand.
The fourth quarter could be the start of another impressive 12-month period for Nvidia as Blackwell production ramps. With new large-language models being developed rapidly, many investors are bullish on Nvidia. One of the more upbeat analysts on the Street is Bank of America’s Vivek Arya. Fresh off a notable price target hike on the stock, Arya joins Yahoo Finance executive editor Brian Sozzi to break down his analysis. Arya thinks Nvidia’s stock remains undervalued, laying out a compelling bull case.
#youtube #Nvidia #stocks

About Yahoo Finance:

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

– Get the latest news and data at finance.yahoo.com

– Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)

– Follow Yahoo Finance on social:

X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance

Share on: