Nvidia's (NASDAQ: NVDA) blockbuster earnings report last week is fueling more bullishness on Wall Street. analyst Frank Lee raised their price target on Nvidia to $880, representing 11.6% upside from the stock's latest closing price as of this writing.

The stock is already up 238% over the last 12 months, but that performance comes on top of a decade's worth of market-thumping returns. The company's growth story continues to get better as the demand for artificial intelligence (AI) chips is lighting a fire underneath Nvidia's data center business.

Nvidia's revenue for its fiscal 2024 fourth quarter climbed 265% year over year. CEO Jensen Huang said, "Demand is surging worldwide across companies, industries, and nations."

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Source Fool.com