News Decoding: GTC on the Horizon: Can NVIDIA Expect a Stock Boost?

The NVIDIA GTC (GPU Tech Conference) is set to take place next week, with CEO Jensen Huang scheduled to give a talk titled "Shaping the Future of AI Breakthroughs, Witnessing the Moment of AI Transformation". It's expected to feature updates on generative AI and robotics, sparking high anticipation on Wall Street! $NVIDIA(NVDA.US)$

Statistics show that during the annual GTC events over the past seven years, NVIDIA's stock price rose on six occasions, equating to an 85.7% probability of increase! 💪Considering NVIDIA's stock is currently at a critical juncture with continuous battles around the $900 mark, the upcoming GTC could significantly influence short-term trends.

News Decoding: GTC on the Horizon: Can NVIDIA Expect a Stock Boost?

Several institutions have set NVIDIA's target price above $1,000. Analysts note that the GTC may highlight NVIDIA's ongoing demand-supply challenges, with a potential turning point not expected until 2025.

Year-to-date, NVIDIA's stock has surged 84%, bringing its market cap close to $2.3 trillion, only about 16% shy of Apple's. At last year's GTC, Huang repeatedly emphasized that "the iPhone moment for AI has started", and now, more people believe AI is changing the world.😎

Investors interested in NVIDIA's target stock price can check specific analyst ratings under the "Company" - "Analyst Ratings" section on the stock's detail page.

Additionally, for those looking to further understand NVIDIA's performance and that of other tech giants in the US stock market, investment courses are available for reference.