Nvidia (NVDA) Poised for Growth with Strong Blackwell Chip Demand

After experiencing a five-day uptrend, Nvidia's (NVDA, Financial) stock price has nearly reached its historical high. Recently, Nvidia shares increased by 4.05% to close at $132.89, just shy of the peak of $135.58 set in June. Wall Street analysts are optimistic, driven by the robust demand for Nvidia's new Blackwell chip series, which is anticipated to significantly boost the company's performance next year.C.J. Muse, an analyst at Cantor Fitzgerald, expressed that Nvidia is a standout in the chip industry ...