Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions 
Norway Offshore Oil Workers Reach Wage Deal, Averting Strike 
Kioxia Bets on AI Memory Boom With Next-Gen NAND Production in Japan 
Australia Trade Balance Swings to Surprise Deficit as Imports Outpace Exports in May 
Kuaishou Stock Jumps as Kling AI Secures $2 Billion Funding Round 
US Resumes Dollar Shipments to Iraq After Months-Long Suspension 
Gold Price Surges Above $4,120 as Weak US Jobs Data Lowers Fed Rate Hike Expectations 
ShareChat Eyes 2027 IPO After Reaching Operational Profitability, Report Says 
EU Chip Industry Faces Growing Risks From China Export Controls and U.S. Technology Dependence: Report 
OpenAI Proposes 5% U.S. Government Stake Amid AI Policy Talks 
Meta CEO Zuckerberg Says AI Agent Development Has Slowed Despite Massive AI Investment 
Meta Stock Jumps as AI Cloud Expansion Challenges AWS, Microsoft, and Google 
Chinese Copper Foil Maker Londian Files U.S. IPO as EV Battery Demand Grows 
Trump Administration Declines USMCA Renewal, Opens Talks on New Trade Changes 
Kawasaki Heavy Shares Slide on Report of ¥200 Billion Capital Raise Plan 
Goldman Sachs Says China Competition Weighs More on EU Growth Than Trade Deficit 
Baige Online Shares Soar 333% in Hong Kong IPO Debut as AI Insurance Demand Lifts Chinese Listings 
Mizuho's bullish outlook sees NVIDIA stock hitting $170 by March, thanks to record-breaking AI earnings and robust data center growth. Analysts expect optimistic updates at CES in January and major momentum heading into the GPU Technology Conference.
NVIDIA's Upbeat CES Presentation to Boost Stock
According to Mizuho tech desk sector strategist Jordan Klein, NVIDIA's management will give investors a very upbeat presentation at the upcoming CES in early January, which bodes well for the stock price, Investing.com reports.
Before the GPU Technology Conference (GTC) in March and the introduction of NVIDIA's new product, Rubin, the research firm, predicts that NVIDIA's stock might reach the $160-170 level. The solid financial performance and strategic placement of NVIDIA inside the expanding artificial intelligence market lend credence to this prediction.
On Wednesday, the share price of Nvidia was $139.31 at the end of trading.
Just a few weeks ago, Nvidia revealed record-breaking revenue for the third quarter ending October 27, indicating a strong performance that could lead to new all-time highs for the company.
Record-Breaking Earnings Fuel Optimism
The Santa Clara, California-based computer behemoth announced quarterly sales of $35.1 billion, up a whopping 94% year-over-year and 17% from the prior quarter.
A record $30.8 billion was brought in by the company's data centers, marking a significant increase of 17% from the previous quarter and an impressive 112% over the same period last year.
At the time, Jensen Huang, the Chief Executive Officer of NVIDIA, stressed the rapid advancement of artificial intelligence technology and the worldwide shift toward NVIDIA's computing solutions.
AI Demand and New Products Drive Growth
Both Hopper and Blackwell are in full production and are important drivers for the company. They help foundation model developers with scaling in pretraining, post-training, and inference, and he underlined how high demand for Hopper is and how anticipated Blackwell is.
