(Photo= Yonhap news)

 

[Alpha Biz= Reporter Kim Minyoung] After the renowned U.S. brokerage firm Jefferies raised Nvidia's price target, Nvidia's stock price increased by 0.58% in New York stock market trading on the 13th.

Nvidia closed at $903.99, up 0.58% from the previous trading day.

Jefferies raised Nvidia's price target to $1,200 on that day, suggesting a 34% potential increase from the current level.

Jefferies analyst Blayne Curtis remarked, "It's still too early to determine winners and losers in AI, but Nvidia has been posting overwhelming market share," adding, "It has sufficient room for further growth."

Nvidia dominates over 80% of the market for graphics processing units (GPUs) used in artificial intelligence.

 

 

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