Nvidia ( (NVDA) ) has been popular among investors this week. Here is a recap of the key news on this stock.
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Nvidia continues to dominate the AI chip market, with its stock soaring over 1,400% in the past three years due to high demand for its AI chips and a significant share of the global data-center GPU market. The company is set to report its Q3 FY26 results on November 19, with analysts expecting another strong quarter driven by steady demand for AI infrastructure. Nvidia’s strategic investments, such as its planned $1 billion investment in AI startup Poolside, further solidify its position in the AI ecosystem. This move is expected to enhance Nvidia’s foothold in the AI sector, complementing its chip offerings and potentially boosting its customer base.
Despite competition from companies like CoreWeave, which rents out Nvidia’s GPUs and has seen rapid revenue growth, Nvidia’s profitability and market leadership give it a distinct advantage. Analysts maintain a Strong Buy consensus on Nvidia stock, with a 12-month average price target suggesting a potential upside. Nvidia’s ongoing innovation and strategic partnerships, including its collaboration with Poolside to build a massive data center, underscore its commitment to maintaining its lead in the fast-evolving AI market.