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Nvidia Stock Surges 5.8% as AI Chip Demand Defies Export Curbs
Nvidia Stock Surges 5.8% as AI Chip Demand Defies Export Curbs
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Nvidia shares rallied sharply after posting record quarterly results, with CEO Jensen Huang projecting continued growth despite U.S. export restrictions targeting China. The semiconductor giant’s stock breached $200 as data center revenue jumped 73% to $39.1 billion, powered by relentless demand for AI accelerators.
Market analysts maintain strong conviction, with TipRanks showing 38 ’Strong Buy’ ratings and a $165.29 average price target. The company’s $44.1 billion quarterly revenue—a 69% year-over-year increase—demonstrates pricing power in the face of regulatory challenges. ’Our next-generation platforms are ramping strongly,’ Huang noted during the earnings call.
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