Loop Capital pointed to a ramp in the supply of graphics processing units as a catalyst.
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Shares have advanced nearly 34% in 2025. Nvidia will report results on Aug. 27 after the closing bell.
Nvidia on Tuesday made a series of announcements at its GTC conference in Washington, DC, sending the stock to record levels.
For the most part, analysts maintained their long-term bullish stance on Nvidia.
This comes after The FT reported that Nvidia and AMD agreed to give the federal government a 15% share of their revenues from…
JPMorgan analyst Harlan Sur said that Nvidia's development of physical AI "could potentially drive the next leg of revenue…
Shareholder returns are coming back into focus amid the semiconductor boom.
