China and US agree to extend trade tariff truce, says Li
Nvidia Corporation (NASDAQ:NVDA)’s stock has reached an all-time high, hitting a price level of 164.43 USD. According to InvestingPro data, the company maintains an "EXCELLENT" financial health score of 3.9/5, though current analysis suggests the stock may be trading above its Fair Value. This milestone comes amid a robust performance over the past year, during which the stock has experienced a notable 28.88% increase. The company’s stock has demonstrated significant growth, with impressive metrics including an 86% revenue growth and a 70% gross profit margin in the last twelve months. This achievement highlights Nvidia’s ongoing success in the technology sector, as it continues to innovate and expand its market presence. For deeper insights into NVDA’s valuation and growth prospects, including 20+ additional ProTips and comprehensive analysis, visit InvestingPro.
In other recent news, Nvidia has been highlighted by Mizuho (NYSE:MFG) for its potential revenue upside from China, which could serve as a positive catalyst for the company. Nvidia CEO Jensen Huang plans to meet with Chinese government officials, and the company is reportedly developing a new AI GPU chip to comply with U.S. export controls. Meanwhile, Goldman Sachs has initiated coverage on Nvidia with a Buy rating and a $185 price target, citing the company’s leadership in accelerated computing and its broadening customer base.
In related developments, Huawei Technologies is attempting to export AI chips to the Middle East and Southeast Asia, seeking to establish a presence in markets dominated by Nvidia. No deals have been finalized yet, but Huawei is offering its older-generation Ascend 910B AI chips to potential customers in the region.
Separately, Evercore ISI has reiterated an Outperform rating on Vertiv Holdings (NYSE:VRT), emphasizing its role as a key partner in AWS’s new liquid cooling solution. Despite AWS’s recent technology announcement, Evercore maintains that Vertiv remains a major partner in building customized solutions for hyperscale customers.
Lastly, former President Donald Trump has called for the Federal Reserve to lower interest rates, pointing to record highs in technology stocks, including Nvidia. He emphasized the economic strength of the U.S., suggesting that interest rates should reflect this growth.
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