Nvidia Shares Expected to Surge 40% Amid Growing Demand for Graphics Processors

Nvidia shares are expected to see gains in the next year, according to an analyst call from Oppenheimer. The firm raised its price target for the company's stock from $250 to $350.

This represents a potential increase of around 40% based on Nvidia's current share price of about $250.

The analyst also expects strong sales of Nvidia's graphics processing units, or GPUs, driven by growing demand in the gaming and artificial intelligence markets.