As the semiconductor company with the highest market value in the world, NVIDIA has always attracted market attention. The latest news shows that Nvidia will release its quarterly earnings report next week, which has attracted great attention from investors. Previously, two securities firms raised their target stock prices for Nvidia, further raising market expectations for the company.
Nvidia has long been considered a beneficiary of the potential of artificial intelligence, benefiting from the market's positive optimism towards artificial intelligence technology. As artificial intelligence technology develops rapidly, so does the demand for powering artificial intelligence software and specialized cloud infrastructure, which makes Nvidia play an important role in the rise of technology stocks.
This week, Nvidia's stock price has risen by 9%. In addition, Nvidia is also one of three stocks that rose in the Philadelphia Semiconductor Index this week. This indicates that investors are positive about the company's prospects. UBS analyst Timothy Arcuri pointed out in a research report that Nvidia is actually playing the role of "king maker".
Nvidia is poised to benefit from this trend as a flood of capital and new financing vehicles enters AI software and cloud infrastructure. Before the release of the second-quarter report, Nvidia's target stock price has been affected by the upward revision of several investment banks. Morgan Stanley listed it as a "top pick," and Wells Fargo and Wells Fargo raised their price targets accordingly.
Wells Fargo analyst Aaron Rakers pointed out in his research report that Nvidia is well positioned in the process of transforming the architectural data center driven by artificial intelligence. Analysts generally expect Nvidia's quarterly revenue to rise 66% to $11.13 billion, according to financial markets data and infrastructure provider Refinitiv.
Nvidia's own quarterly revenue forecast is also around $11 billion. In general, Nvidia, as the semiconductor company with the highest market value in the world, has attracted extensive attention from investors by virtue of its dominant position and technological innovation in the field of artificial intelligence. Investors are looking forward to its future development and will continue to pay attention to its quarterly earnings report for more information on the company.