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Analyst Rick Schafer has raised Nvidia's price target to $175, driven by strong demand for AI and the upcoming Blackwell chip sales. The forecast indicates a staggering 97% year-over-year growth in Nvidia's data center revenue, primarily fueled by AI accelerators. This bullish outlook comes ahead of Nvidia's third-quarter earnings report, which is expected to show substantial gains.
Schafer's analysis highlights the significant role of Nvidia's Hopper AI accelerators and the anticipated ramp-up of Blackwell chips in driving revenue. The data center segment, which constitutes 87% of Nvidia's total revenue, is projected to grow significantly, showcasing the company's strong position in the AI hardware market. With Nvidia's stock surging 205% year-to-date, the company is well-positioned to capitalize on the ongoing AI boom.
• Nvidia's data center revenue projected to surge 97% YoY.
• Blackwell chip sales expected to significantly boost Nvidia's revenue.
AI accelerators are specialized hardware designed to enhance the performance of AI applications, crucial for Nvidia's growth.
Data centers house computing resources and are essential for processing AI workloads, significantly contributing to Nvidia's revenue.
Blackwell chips are Nvidia's next-generation processors expected to drive substantial revenue growth in the AI sector.
Nvidia is a leading company in AI hardware and software, with a dominant position in the data center ecosystem.
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