FTSE 100 live: Stocks continue to rally as Standard Chartered announces $1bn buyback
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 23 2024
0mins
Source: Yahoo Finance
- European Stocks and FTSE 100: European stocks, including the FTSE 100, continued their positive trend driven by strong banking results, particularly from Standard Chartered.
- UK Energy Bills: UK energy bills are expected to decrease to their lowest point in two years due to a new price cap set by Ofgem, providing relief for households.
- US Stock Market: Major US stock indexes surged to near all-time highs following Nvidia's impressive financial results, with the chip maker adding $277 billion in market value in one session.
- Asian Markets: The Nikkei in Japan reached record highs, closing 2.2% higher, fueled by the AI sector and positive tech stock outcomes, while Hong Kong's Hang Seng remained flat.
- Global Market Outlook: Global markets have been buoyed by robust results from companies like Nvidia, contributing to positive investor sentiment worldwide.
Analyst Views on NVDA
Wall Street analysts forecast NVDA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NVDA is 264.97 USD with a low forecast of 200.00 USD and a high forecast of 352.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
41 Analyst Rating
39 Buy
1 Hold
1 Sell
Strong Buy
Current: 184.840
Low
200.00
Averages
264.97
High
352.00
Current: 184.840
Low
200.00
Averages
264.97
High
352.00
About NVDA
NVIDIA Corporation is a full-stack computing infrastructure company. The Company is engaged in accelerated computing to help solve the challenging computational problems. The Company’s segments include Compute & Networking and Graphics. The Compute & Networking segment includes its Data Center accelerated computing platforms and artificial intelligence (AI) solutions and software; networking; automotive platforms and autonomous and electric vehicle solutions; Jetson for robotics and other embedded platforms, and DGX Cloud computing services. The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems, and Omniverse Enterprise software for building and operating industrial AI and digital twin applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
