• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Saturday, May 31
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

    May 29, 2025

    ‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

    May 29, 2025

    DeSantis Signs Bill Making Gold And Silver Legal Tender

    May 28, 2025

    John Deere Announces $20 Billion Plan To Build Up American Manufacturing

    May 28, 2025

    EV Startup Promised To Cut China Ties — Then Reportedly Shared US Data Anyway

    May 27, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Finance»Wall Street’s Last Analyst With a ‘Sell’ on Nvidia Gives In
Finance

Wall Street’s Last Analyst With a ‘Sell’ on Nvidia Gives In

August 24, 2023No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Wall Street’s Last Analyst With a ‘Sell’ on Nvidia Gives In
Share
Facebook Twitter LinkedIn Pinterest Email

(Bloomberg) — The last research firm with the equivalent of a “sell” rating on Nvidia Corp. is throwing in the towel.

Most Read from Bloomberg

Morningstar Inc. upgraded the chipmaker to hold after blowout results on Wednesday that showed booming demand for artificial intelligence computing.

The research firm is “much more optimistic about the rise of AI workloads and how Nvidia’s wide moat should cement itself as an AI chip leader,” analyst Brian Colello wrote in a note.

Nvidia now has 54 buy ratings and five holds, according to data compiled by Bloomberg. The stock rallied as much as 8.8% in premarket trading on Thursday, on track for a new all-time high. It has more than tripled this year, pushing the company’s market valuation above $1 trillion.

Morningstar determines its ratings based on the current share price, the analyst’s estimate of the stock’s “fair value” and an “uncertainty rating” of that valuation. Nvidia’s fair value was lifted to $480 per share from $300, while its uncertainty rating was raised to “very high.”

Nvidia’s data center business, including AI graphics processors, is expected to generate $41 billion in revenue in the fiscal year ending January 2024, compared with $15 billion a year earlier, according to Morningstar. The chipmaker reported data center revenue of $10 billion in the quarter ended July 31.

“We could be wrong, but we see little evidence that these GPU orders are upfront spending or a one-time build,” Colello wrote, estimating sales for the business could reach $60 billion next year and $100 billion in fiscal 2028. “Such growth might be unprecedented in large-cap tech, but we foresee all types of enterprises investing in AI,” he added.

See also  Amazon Announces Plan To Sell New Cars On Its Website, Starting With Hyundai

–With assistance from Subrat Patnaik.

(Updates ratings tally and adds stock move in fourth paragraph.)

Most Read from Bloomberg Businessweek

©2023 Bloomberg L.P.

analyst Nvidia Sell streets Wall
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ending China’s De Minimis Exception Brings 3 Benefits for Americans

April 17, 2025

The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

April 17, 2025

Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

April 17, 2025

How China’s Companies Are Responding to the US Trade War

April 16, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Barbra Streisand Calls Trump ‘Completely Unfit to Be President’ in New Memoir, Praises Bill and Hillary Clinton as ‘Most Appealing Couple’

November 8, 2023

Rapper Claims He Was Stabbed, Backs Out Of Highly Anticipated Boxing Match

August 25, 2023

Two key Fed officials express support for keeping interest rates high

September 22, 2023

As Medicare Broadens Coverage Of Leqembi, Details Emerge On Access

August 2, 2023
Don't Miss

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

Business May 29, 2025

Consumers’ Research issued a “Woke Alert” on Thursday warning American shoppers that three European companies…

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025

John Deere Announces $20 Billion Plan To Build Up American Manufacturing

May 28, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,136)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,645)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

It’s ‘Very Difficult’ to Be a Jew in the Democratic Caucus, There’s ‘Seemingly a Lack of Progressive Love’

November 4, 2023

Teacher Accused of Exchanging ‘Lewd’ Snapchat Messages with Students

April 3, 2023

‘I Need Explanations’: Kevin O’Leary Says Kamala Harris ‘Has To’ Break Down Her Actual Economic Policies To Press

August 26, 2024
Popular Posts

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.