Looking ahead, the Nvidia investment thesis is undiminished, according to Melius Research.
Nvidia is proving itself to be a key beneficiary as technology companies "spend like crazy" to take advantage of artificial intelligence, according to Melius Research. "Sometimes a no brainer is a no brainer," analyst Ben Reitzes wrote on Monday.
mountain Nvidia stock. "he big clouds are going to have to spend their share on Nvidia, up to 25% of Capex for Microsoft and Meta this year alone," he said. Nvidia has climbed almost 76% in 2024 through Monday morning as investor enthusiasm for AI continued, after more than tripling in 2023. The stock has pulled back almost 4% in April.
Markets NVIDIA Corp Business News
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Analyst says buying Nvidia is 'no brainer' as tech companies 'spend like crazy' in AI raceLooking ahead, the Nvidia investment thesis is undiminished, according to Melius Research.
Read more »
Here are Friday's biggest analyst calls: Nvidia, Microsoft, Alphabet, Apple, Snap, Intel, Western Digital & moreHere are Friday's biggest calls on Wall Street.
Read more »
Here are Monday's biggest analyst calls: Apple, Nvidia, Tesla, Meta, Amazon, Microsoft, Spotify, Ferrari & moreHere are Monday's biggest calls on Wall Street.
Read more »
Here are Tuesday's biggest analyst calls: Nvidia, Tesla, Apple, Roblox, Tesla, Qualcomm, Disney & moreHere are Tuesday biggest calls on Wall Street.
Read more »
Thursday's analyst calls: Nvidia a top pick, dating stock gets a downgradeNvidia and a major dating stock were among the names featured Thursday by analysts.
Read more »
Here are Wednesday's biggest analyst calls: Nvidia, Broadcom, Apple, Tesla, Netflix, Amazon, Microsoft & moreHere are Wednesday's biggest calls on Wall Street.
Read more »