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NVIDIA Stock Gains Ahead of Earnings as Wall Street Bets on Tech Expansion
NVIDIA Stock Gains Ahead of Earnings as Wall Street Bets on Tech Expansion
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NVIDIA shares climbed 0.8% to $132.86 in early trading, building momentum ahead of next week’s Q1 earnings report. Wells Fargo reiterated its Overweight rating with a $185 price target, signaling confidence in the chipmaker’s growth trajectory despite China-related export constraints.
The company’s NVLink Fusion technology is gaining traction, with third-party integration deals involving Marvell, MediaTek, and Qualcomm. Oppenheimer analysts anticipate upside results, citing resilient demand for NVIDIA’s AI and data center solutions. Market sentiment remains bullish as the firm extends its ecosystem through strategic partnerships.
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