Nvidia Set For Major Surge To $204? Analyst Predicts Post-Q3 Boost Driven By Blackwell GPU Demand, Strong Margins

2024-11-13 1,743

Nvidia may see a potential stock rally, possibly reaching $204, according to financial analyst Yiannis Zourmpanos. The rally is driven by strong demand for its Hopper and Blackwell GPUs. The Blackwell units are expected to bring in up to $6 billion in the coming quarter. Morgan Stanley analyst Joseph Moore echoes this optimism, aligning with the earnings forecast. Analysts anticipate a 14% rally for Nvidia, citing its robust market position and ongoing demand for AI-focused GPUs.