Change the game rules! Nvidia (NVDA.US) has exploded in performance, with Wall Street analysts praising it endlessly.

After NVIDIA (NVDA.US) announced quarterly earnings and guidance that far exceeded expectations, Wall Street analysts praised the company. Wall Street analysts referred to NVIDIA as a game-changer and raised their target prices for the stock. Analysts' views are as follows: Bank of America analyst Vivek Arya reiterated a "buy" rating for NVIDIA and raised the target price from $800 to $925. Arya said, "Perhaps the most important new data in NVIDIA's earnings conference call is that artificial intelligence contributed nearly 40% to the AI computing mix in fiscal year 2024/ calendar year 2023." "Secondly, we note the company's positive comments on supply constraints, new products, and increasing demand for AI in sovereign countries." Arya raised earnings expectations for NVIDIA for fiscal years 2024 and 2025 by 13% and 15%, respectively. He said the next catalyst is NVIDIA's GTC conference next month, where new details about its product line, including B100 and GB200, may be provided. Citigroup analyst Atif Malik reiterated a "buy" rating for NVIDIA and raised the target price from $575 to $820. NVIDIA expects the installed base for data infrastructure (currently around $1 trillion) to double in the next 5 years, leading Malik to significantly raise earnings expectations. Malik raised earnings per share expectations for NVIDIA for fiscal years 2025 and 2026 by 58% and 75%, respectively, to "better align" with overall AI market analysis. Benchmark analyst Cody Acree reiterated a "buy" rating for NVIDIA and raised the target price from $625 to $1000. Acree said that while the market had already anticipated NVIDIA's strong performance, the guidance still provided "some positive surprises" compared to Wall Street expectations. Wedbush maintained an "outperform" rating for NVIDIA and raised the target price from $800 to $850. Wedbush Securities analyst Dan Ives said NVIDIA's quarterly earnings and guidance are seen as a "game-changing moment" and reiterated that the AI revolution has only just begun. Ives said, "Stories of tech transformation like NVIDIA and the AI revolution require investors to see the forest through the trees, to see the direction of this spending wave over the next 3 years. We believe that 60%-70% of companies will eventually move towards AI use cases, and we estimate that AI spending will increase by $1 trillion in the next 10 years." "We are only talking about generative AI in the enterprise right now, and consumer AI applications led by companies like Alphabet, Meta, Amazon, Microsoft, and others are coming soon." Cantor Fitzgerald analyst C.J. Muse maintained a "neutral" rating for NVIDIA and raised the target price from $775 to $900. Muse said that because NVIDIA management also indicated that new products such as H200, Spectrum-X, and B100 may face shortages, this performance and guidance are seen as a "golden-haired maiden scenario." This indicates that growth will continue to be "strong" through 2025, with earnings per share potentially approaching $30. As of the time of writing, NVIDIA's pre-market trading is up 12.14% at $756.60.