On Wednesday, August 23, local time, chip giant Nvidia announced its fiscal 2024 second quarter results report。NVIDIA achieves revenue of 135 in second quarter, performance data shows.$0.7 billion, up 101% year-over-year, beating analysts' expectations; net profit under non-GAAP was 67.$400 million, up 242%。In the face of such excellent performance data, Nvidia took advantage of the opportunity to give guidance for the third quarter.。Nvidia said that in the three months to October, the group's revenue will reach about $16 billion, far exceeding analysts' previous average expectations of $12.5 billion, this much-anticipated performance guidance is a shot in the arm for the market and investors, while highlighting Nvidia's position as the main beneficiary of the AI boom.。Boosted by strong performance data, Nvidia overnight U.S. stocks closed up more than 3%, after the session is to continue the rally, once up nearly 10%。It is worth noting that since the beginning of the year, Nvidia shares have risen 222%, can be described as this year's U.S. stock technology brother.。In response, investment firm Elazar Advisors analyst Haim Siegel (Chaim Siegel) released a research report, said: "I think next year at the time of writing this report, my (target price) is in a high position in Wall Street, but my estimate will have to be raised significantly.。He also raised Nvidia's price target to $1,600, about three times higher than Nvidia's current share price, which would mean a 12-fold increase in Nvidia's earnings per share in 2024.。But he said: "I still think my numbers are too conservative.。"