The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
One Wall Street firm is getting even more excited about Nvidia, even after the stock's stunning triple-digit performance during the past year.
Evercore ISI raised its price target for the chipmaker to the highest among analyst firms, saying the company's products will dominate the artificial intelligence market.
"We hosted NVDA mgmt. (CEO, CFO and IR) on the road with investors over the last few days. … Our sense is management believes that investors still severely underestimates the impact of AI and the size of the potential market," analyst C.J. Muse wrote in a note to clients Friday. "We are only at the cusp of AI's growth potential and NVIDIA is creating THE AI computing industry standard."
Muse reiterated his outperform rating and raised his price target for Nvidia to $250 from $180, representing 48 percent upside from Thursday's close. He now has the highest price target on the stock out of more than 30 analysts, according to FactSet. Two other firms have the second highest forecast at $200.
Muse noted that the company spent more than $10 billion in research and development to build its CUDA software programming platform, which supports building AI software.
"NVDA has created an industry standard for AI systems that will be nearly impossible to replicate," he wrote.
Nvidia's stock is up 170 percent in the past 12 months through Thursday compared with the S&P 500's 16 percent gain. That performance ranks No. 1 in the entire S&P 500, according to FactSet.
"We believe the tremendous growth opportunities led by AI in the Data Center and Automotive verticals supports a clear path to $10 in earnings power over the next 3-5 years," the analyst wrote.
The company generated earnings per share of $2.57 in fiscal 2017.
Nvidia shares rose 4 percent Friday shortly after the market open.
— CNBC's Michael Bloom contributed to this story.