01:25 PM EDT, 03/14/2024 (MT Newswires) -- Nvidia's ( NVDA ) GPU Technology Conference next week is going to be continuation of positive sentiment about the company, Wedbush said Thursday in a report.

The conference focuses on artificial intelligence and the investment firm noted that the inputs suggest the demand for Nvidia's ( NVDA ) AI products remains strong.

Wedbush said it is interested to hear about developments on Nvidia's ( NVDA ) next-generation Blackwell B100 product, liquid cooling technology and DRAM implications. Wedbush will also be looking for additional information on initial demand and pricing details.

Wedbush raised its price target on Nvidia ( NVDA ) to $1,000 from $850 and reiterated its outperform rating.

Nvidia ( NVDA ) shares were nearly 4% lower in recent trading.

Price: 873.63, Change: -35.25, Percent Change: -3.88