We’ve mentioned Nvidia (NVDA) a few times over the last year – and we still believe it could push even higher. For one, with earnings nearing, we could see a continuation of the anticipatory momentum. Two, Piper Sandler just hiked its price target on NVDA to $230.

Want to prevent overpaying for options? Click here.

“In our view, the backlog support for the entire 2024 forecast is stellar,” they said, as quoted by CNBC. “We continue to see NVDA as the only and hence premier full-stack accelerated compute provider and reiterate our top-large cap pick.” 

Nvidia, which is expected to release fourth-quarter earnings next week sees more positive momentum from generative artificial intelligence.


Ian Cooper