Earnings

Nvidia (NVDA) earnings Q4 2020

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NVIDIA computer graphic cards are shown for sale at a retail store in San Marcos, California.

Mike Blake | Reuters

Shares of Nvidia rose 6% on Friday after the chipmaker stunned analysts with strong quarterly results and joined rivals Intel and Advanced Micro Devices in predicting strong demand for chips used in the latest generation of data centers and A.I.

At least 11 brokerages hiked price targets on the company’s stock. Brokerage Cowen & Co. was the most bullish, raising its target by $85 to $325, higher than Wall Street’s median price target of $285.15 and Friday’s pre-market price of around $287.

Analysts at Susquehanna said while they had expected the company to beat market consensus…



Source cnbc.com

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