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On August 28, Wedbush analysts issued a research report affirming that NVIDIA's latest financial report and outlook have reaffirmed the accelerating pace of the AI revolution, despite encountering certain obstacles. The analysts highlighted NVIDIA's dominant position in the chip sector, where competitors are struggling to keep pace, and noted the intense competition among various nations and companies to acquire its cutting-edge chips. While NVIDIA's third-quarter guidance excluded the additional impact of H20 sales, CEO Jensen Huang underscored China's potential as a market worth up to $50 billion. The analysts suggested that the current dip in NVIDIA's share price could be a lucrative buying opportunity, projecting its market capitalization to soar to $5 trillion by early 2026.
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