Mizuho forecasts Nvidia stock could reach $170 by early 2025

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Mizuho predicts Nvidia's stock could reach $160-170 by Q1 2025, driven by positive management outlooks at the upcoming CES and strong financial results. Nvidia shares closed at $139.31 on Wednesday. The company reported record revenue of $35.1 billion for Q3, a 17% increase from the previous quarter and a 94% rise year-over-year. Data center revenue also hit a record $30.8 billion. Nvidia's CEO highlighted the growing demand for its AI technologies and products, including Hopper and Blackwell, which are crucial for meeting the needs of AI developers.


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