Brian Colello at Morningstar maintained his target price of $130 per share on Nvidia stock following the DeepSeek news. "We doubt the leading cloud vendors and AI builders will pause their plans," he wrote in a note to clients. "We still think tech firms will continue to buy all the GPUs they can as part this AI gold rush."
Cloud providers report a significant increase in demand for Nvidia H200 chips as DeepSeek's AI models gain traction.
Shares of Amazon (NASDAQ: AMZN) slipped marginally on Wednesday, losing -0.31%. But the big news for the company came on Tuesday as the stock hit its all-time high price of $241.77. That momentum is reflective of investor sentiment heading into the Amazon’s Feb.
The event will also feature speakers from Munro & Associates, Hewlett Packard Enterprise and more. SANTA CLARA, CA / ACCESS Newswire /
Nvidia rises following a deep selloff in artificial-intelligence stocks, General Motors posts better-than-expected adjusted earnings but the stock tumbles, and Boeing reports a fourth-quarter core loss of $5.
The Nvidia RTX 5090 and RTX 5080 release date has arrived, here is where you can pre order and buy the cards in the US, UK, and Canada.
We sold Nvidia in the first quarter and repurchased in the fourth quarter. Why did we sell and then add back? Click here to find out.
Cloud gaming is a convenient way to play your favorite titles on the go, but what service is best? We tested the top three to save you some time.
Optimists looking for an encore performance from Wall Street were handsomely rewarded in 2024. Last year, the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all achieved multiple record-closing highs and ended higher by 13%, 23%, and 29%, respectively.
The news is the latest sign of skyrocketing valuations for privately held AI start-ups, which show growing investor enthusiasm for AI and confidence that companies like Anthropic will justify that valuation over the long term, eventually generating billions in profits.