Nvidia Shares Surge Post-Conference

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TheStreet

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Technology

Analysts revisit Nvidia stock price targets after surprise demand forecast

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Nvidia shares bumped higher in early Wednesday trading, following the main event of the tech giant's developers' conference yesterday .

CEO Jensen Huang said AI will likely require around $1 trillion of data center investments by 2028 .

Huang also insisted that the world "got it wrong" in their original assessment of DeepSeek 's emergence earlier this year .

Revenues from its key data center segment, which houses the chips and processors that power AI systems, nearly doubled from last year to $94.5 billion .

Nvidia also said sees current-quarter revenues rising another 10% sequentially, to around $43 billion .

Shares were last marked 1.3% higher in premarket trading to indicate an opening bell price of $ 116.92 each.

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