00:00It's Benzinga bringing Wall Street to Main Street.
00:02NVIDIA shares jumped 8.2% Thursday after the chipmaker issued stronger than expected targets
00:09and CEO Jensen Huang said sales could double without supply constraints, according to Barron's.
00:16The company also expanded its Amazon partnership with the e-commerce giant set to deploy another
00:212 million NVIDIA processors. Wall Street analysts raised their price targets following the results,
00:26with the average reaching $327, according to FactSet.
00:31Raymond James raised its target to $515, implying a market value above $12 trillion.
00:38NVIDIA also reportedly agreed to acquire AI development platform Hugging Face for $12.9 billion.
00:45The deal could support NVIDIA's Numotron open-weight AI model strategy
00:49by giving the company control of a major distribution platform.
00:53For all things money, visit Benzinga.com.
00:56For all things money, visit Benzinga.com.
00:57Thanks for listening to Benzinga.com.
00:57To be continued...
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