Stocks
Nvidia Surges on Bullish Outlook and Strategic Acquisition
Nvidia's recent Q2 results and FY2028 outlook have led an analyst to raise their target for the stock. The company trades at a compelling 14.7x out-year earnings, supported by projected FY28 revenue growth of 70% and strong gross margins.
The $12.9B Hugging Face acquisition is seen as a strategic move to embed Nvidia in the open-source AI ecosystem and drive compute demand.
Technicals remain bullish, with Nvidia closing at all-time highs and a constructive setup for further upside into year-end.