Super Micro Employees Detained in Taiwan AI Server Export Investigation 
Texas Man Charged After Fatal Tesla Full Self-Driving Crash in Katy 
ShareChat Eyes 2027 IPO After Reaching Operational Profitability, Report Says 
Kioxia Bets on AI Memory Boom With Next-Gen NAND Production in Japan 
Microsoft Reportedly Plans New Job Cuts Across Sales, Consulting, and Xbox 
TSMC CoWoS Capacity Forecast Raised as Mizuho Sees AI Server CPU Demand Surging Through 2027 
Chip Stocks Rally as Samsung and SK Hynix’s $1.3 Trillion Investment Plan Boosts AI Optimism 
Apple Expands iPhone Lineup, Boosts Foldable iPhone Production Plans Through 2027 
SoftBank Shares Slide as OpenAI IPO Delay Concerns Weigh on AI Investment Outlook 
Meta CEO Zuckerberg Says AI Agent Development Has Slowed Despite Massive AI Investment 
South Korea Alleges Google Abused Android App Store Dominance, Eyes Major Fine 
SK Holdings, KKR Launch $1.3B Renewable Energy Venture in South Korea 
Chinese Copper Foil Maker Londian Files U.S. IPO as EV Battery Demand Grows 
Apple Challenges India Antitrust Probe, Says CCI Copied Rivals’ Claims in App Store Case 
Smartphones are helping filmmakers tell the stories the movie industry overlooks 
Lockheed Martin Emerges as Frontrunner to Acquire Ultra Maritime in $3.5 Billion Defense Deal 
Australia Sues Amazon Over Prime Video Ads and Subscription Terms 
Nvidia’s cutting-edge Blackwell AI processors are officially sold-out for the remainder of 2024, pushing the stock buy point closer to $150 as AI demand shows no signs of slowing.
Nvidia’s Blackwell AI Processors Sold-Out Until 2025
Until the end of the year, all of Nvidia's next-generation artificial intelligence processors, dubbed Blackwell, are sold out, according to company executives. At the same time, a buy point for Nvidia stock is becoming close.
Meeting with investment bank Morgan Stanley, Nvidia CEO Jensen Huang and his colleagues offered the soothing advice, according to Investor's Business Daily.
Analysts Predict Strong Buy Point for Nvidia Stock
Joseph Moore, an analyst at Morgan Stanley, wrote in a client note on Thursday that the remarks demonstrated the breadth and depth of the accelerated computing runway.
"Every indication from management is that we are still early in a long-term AI investment cycle," he stated. "The clear view continues to be that we are set up for an exceptionally strong 2025."
Moore reaffirmed his buy recommendation and price objective of $150 for Nvidia shares. Additionally, when it comes to semiconductor businesses, his favorite stock is NVDA.
Nvidia Stock Consolidation Pattern Forms
IBD MarketSurge charts show that NVDA stock is forming a 17-week consolidation pattern, and the buy point is at 140.76.
Mark Lipacis, an analyst at Evercore ISI, predicted a price of $150 for Nvidia shares and kept his outperform rating on the stock.
Blackwell Systems Enter Market as AI Dominates
According to a client note written by Lipacis, he came away from this week's Nvidia AI Summit in Washington, D.C., with some good ideas.
Eight partners are presently bringing Blackwell systems to market, according to Nvidia at the event. It is projected that the company would achieve volume manufacturing in the fourth quarter, according to Lipacis.
Nvidia AI Impacts Key Industries
The impact of Nvidia accelerated computing on sectors such as healthcare, cybersecurity, and manufacturing was emphasized by Bob Pette, VP and GM of enterprise platforms at Nvidia, during his Tuesday keynote speech at the Nvidia AI Summit.
