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Analyst adjusts Nvidia stock price target ahead of earnings

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BATS:NVDA   NVIDIA
Nvidia Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California, and incorporated in Delaware. Wikipedia
CEO: Jensen Huang (Apr 5, 1993–)
Founded: April 1993
Founders: Jensen Huang, Chris Malachowsky, Curtis Priem
Headquarters: Santa Clara, California, United States
Number of employees: 29,600 (2024)
Revenue: 60.92 billion USD (2024)

The Santa Clara, Calif., chip giant has pretty much become synonymous with the artificial intelligence revolution.

Nvidia makes graphics-processing units, or GPUs, which play a crucial role in AI. The company's shares have tripled over the past year, giving it a market capitalization of $2.27 trillion.

Chief Executive Jensen Huang, who co-founded the company at a Denny's restaurant in San Jose in 1993, was named to Time magazine's list of the 100 most influential people of 2024.

Nvidia's next-generation AI chip, the R-series/R100, will reportedly enter into mass production in fourth-quarter 2025, according to analyst Ming-Chi Kuo, and will focus on improving power consumption and enhancing AI computing power.

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