![]() ![]() ![]() "It looks like the new gold rush is upon us, and NVIDIA is selling all the picks and shovels," Rolland wrote. Susquehanna International Group analyst Christopher Rolland described the beat as "unfathomable" in a research note titled "greatest beat of all time?" where he said he raised his price target to $450 from $350 for Nvidia, which last traded at $386.99. ![]() Nvidia late on Wednesday announced a second-quarter revenue target more than 50% above Wall Street estimates with plans to boost supply to meet surging demand for its artificial-intelligence chips, which are used to power popular services including ChatGPT. The semi index was last up 6.3% after hitting its highest level since early April 2022 while chip designer Nvidia, its biggest gainer by far, was up 26.7% and trading at record levels with an intraday high of $394.80. NEW YORK/SAN FRANCISCO, May 25 (Reuters) - The Philadelphia semiconductor index (.SOX) hit its highest level in more than a year on Thursday and eyed its biggest one-day percentage gain in six months with artificial intelligence (AI) taking center stage after Nvidia Corp (NVDA.O) wowed investors with financial targets that blew past analyst expectations. ![]()
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