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Nvidia Stock Rises Ahead of Earnings as AI Demand Dominates Market Focus
Nvidia Stock Rises Ahead of Earnings as AI Demand Dominates Market Focus
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Nvidia shares edged 0.1% higher to $132.90 on Friday, reflecting cautious Optimism ahead of Wednesday’s earnings report. Analysts project a 66% revenue surge to $43.3 billion, with data center GPUs driving 90% of total sales. The chipmaker maintains an iron grip on AI infrastructure, commanding over 80% market share despite looming competition and tariff risks.
Wall Street remains bullish, with a $164.51 average price target suggesting 24% upside potential. The 33% monthly rally defies early 2025 headwinds, underscoring Nvidia’s pivotal role in the AI hardware ecosystem. Market makers anticipate another explosive earnings beat as enterprise demand for generative AI computing shows no signs of cooling.
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