HSBC Upgrades Nvidia, Boosting Price Target to $250 Amid Strong AI Growth
TL;DR Summary
Nvidia's strong momentum, driven by major deals like Microsoft's Azure cluster using Nvidia's latest chips, increasing global demand, and strategic partnerships, supports a bullish outlook with a potential stock price target of $250, as analysts revise revenue and earnings estimates upward and valuation multiples are expected to compress favorably.
- Nvidia’s (NVDA) Relentless Deal Flow Opens Door to $250 Price Target TipRanks
- Nvidia stock rises on HSBC upgrade as analyst sees 'continuous earnings growth' Yahoo Finance
- Nvidia Upgraded at HSBC as AI Suggests Upside of Nearly 80% Bloomberg.com
- One of the last holdouts on Nvidia’s stock now predicts 78% upside. Here’s the thesis. MarketWatch
- HSBC upgrades Nvidia, leaving few cautious analysts left on AI leader CNBC
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