Reported 3 days ago
HSBC has upgraded NVIDIA Corporation (NVDA) to a 'Buy' rating from 'Hold' and increased its price target to $320, citing a growing total addressable market for AI GPUs that promises steady earnings growth. The analysts project a significant rise in GPU market estimates for FY27, anticipating substantial demand recovery in China and a forecasted earnings per share increase to $8.75, surpassing prior estimates. This highlights NVIDIA’s pivotal role in the AI chip market amid rising investments in artificial intelligence.
Source: YAHOO