Nvidia (NVDA) Gets New Year Boost As Wall Street Keeps $177 Target
One of the biggest risers of 2024, Nvidia (NVDA) has kicked off the new year with a boost as Wall Street has held its $177 target on the tech company. Indeed, the chipmaker increased a remarkable 180% over the last twelve months. Now, all eyes are on whether or not the company can repeat its impressive performance. For much of last year, the firm jockeyed for position as the largest company by market cap with Apple (APPL). Although the iPhone developer ended up on top, Nvidia is still eyeing the $4 trillion market cap record. With AI demand expected to continue, it could be reachable this year. Source: CNBC Also Read: NVIDIA Stock Rises 6% After ByteDance Announces $7B Chip Buy for 2025 Nvidia Starts 2025 With a Boost as Wall Street Holds ‘Buy’ Rating Amid what was a positive year for the stock market in the United States, 2024 proved that the AI arms race is alive and well. Following the arrival of OpenAI’s ChatGPT in 2023, the technology has driven immense investment...