U.S. Sells Venezuelan Oil at 30% Premium, Valued at $500 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Newsfilter
- Venezuelan Oil Sale: U.S. Energy Secretary Chris Wright announced the first sale of Venezuelan oil valued at approximately $500 million, achieving a 30% higher price than three weeks ago, which significantly enhances the U.S.'s competitive edge in the global energy market.
- Surge in Indian Exports to China: In December, India's exports to China soared by 67% year-on-year to $2 billion, while shipments to the U.S. fell by 1.8% due to a 50% tariff, highlighting the robust growth potential in India-China trade relations.
- Mitsubishi's Acquisition of Shale Assets: Mitsubishi Corporation will acquire shale gas assets from Aethon Energy Management for $7.53 billion, strengthening its position in the U.S. energy market and diversifying its portfolio.
- U.S. Stock Market Rebound: Major U.S. indexes rebounded, driven by advances in chip and bank stocks, particularly after Goldman Sachs and Morgan Stanley reported earnings that exceeded expectations, indicating a recovery in market confidence towards technology stocks.
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 255.63 USD with a low forecast of 185.00 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.
40 Analyst Rating
38 Buy
1 Hold
1 Sell
Strong Buy
Current: 183.140
Low
185.00
Averages
255.63
High
352.00
Current: 183.140
Low
185.00
Averages
255.63
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.
