Nvidia stock rises as Wall Street applauds Blackwell AI sales
Published On Feb 27, 2025, 8:56 AM
Nvidia's stock rose significantly after the company reported fourth-quarter earnings that exceeded Wall Street expectations, driven by strong sales of its new Blackwell AI products. These products generated $11 billion in revenue, marking a record ramp-up in production for the company. Despite earlier concerns about production delays due to design flaws, Nvidia has managed to successfully ramp up Blackwell production, leading to optimistic forecasts for future growth.
Stock Forecasts
NVDA
Positive
Nvidia's impressive earnings and robust demand for its Blackwell AI products suggest continued strength in the market, signaling potential for ongoing stock growth. Analysts have reiterated 'Buy' ratings, predicting significant future revenue increase that may further support stock price appreciation.
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