Earnings Alert: See our new Nvidia price target

We’re raising our price target on Nvidia after another knockout quarter and guide

Nvidia reported another blockbuster quarter on Wednesday and issued guidance well above analyst forecasts. 

The main takeaway is that AI spending isn’t slowing down anytime soon because the more an Nvidia customer invests in compute capacity, the more revenue and profits they generate. This is the fundamental reason why Nvidia is an “own it, don’t trade it” stock in our eyes. Here's what we are raising our price target to.

Keep reading the rest of this article to get Jim's take on Nvidia's first quarter earnings. Jim initiated Nvidia into the Charitable Trust Portfolio back in March 2019 and has been tracking the stock's movements ever since. Become a Club member with this offer to join for $4 to get our post-earnings analysis on the AI giant!

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