Nvidia Stock Surges as Earnings Expectations Grow
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Nvidia's stock surged over 4% on Friday and has increased by around 160% since the beginning of the year as earnings expectations for its upcoming release grew significantly. Consensus revenue estimates for the second quarter rose to $11.84 billion and net income projections to $3.95 billion, exceeding prior forecasts. Analysts from Wedbush and others predict a robust performance, fueled by strong enterprise AI demand. Over 95% of analysts maintain a 'buy' rating for Nvidia, with a target price of $469.83, representing a 12% increase from Friday's closing price.
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