NVDA Is A Key Enabler For A.I. & TSLA's AI-Based Autonomy

Schwab Network

Goldman Sachs raised Nvidia's (NVDA) price target to $495 from $440. The analyst notes that NVVDA is a "key enabler for traditional A.I." and there is "significant runaway" for the chipmaker's data center business. NVDA is up over 190% year-to-date. Additionally, Jefferies raised its price target on Tesla (TSLA) to $256 from $185 and keeps its buy rating. The analyst highlights that 2Q will be a trough in a auto gross margin. It suggests a shift in valuation drivers with TSLA's early focus on AI-based autonomy "standing out." TSLA is up 122% year-to-date. Renita Young weighs in on NVDA and TSLA. Tune in to find out more about the stock market today.