Here's Why NVIDIA Stock Popped Today
Shares of NVIDIA (NASDAQ: NVDA) rose 4.8% on Thursday, following an intriguing new analyst report.
After speaking with NVIDIA's chief financial officer, Colette Kress, Jefferies analyst Mark Lipacis repeated his buy rating on the chipmaker's stock and boosted his price forecast from $740 to a Wall Street high of $854.
Lipacis believes investors are underestimating NVIDIA's opportunity to license its new data center software. Yet that could change, Lipacis posits, once the company begins to report its software sales as a separate line item on its income statement.
Source Fool.com
