Why Nvidia Stock Popped Today
Shares of semiconductor star Nvidia (NASDAQ: NVDA) jumped 2% as of 10 a.m. ET on Thursday, after analysts at Tigress Financial Partners boosted their price target on the stock. In a note out this morning on StreetInsider.com, Tigress said it is raising its price target on Nvidia stock to $400. From its roots as a provider of graphics chips for gaming, Tigress said, the company continues its transformation into the world's leading provider of artificial-intelligence (AI) hardware.