Reported 1 day ago
HSBC has upgraded NVIDIA's stock rating from Hold to Buy, raising the target price to $320, as analysts predict significant expansion in the AI GPU market beyond hyperscalers. Analyst Frank Lee anticipates a rise in the total addressable market for GPUs by fiscal year 2027, bolstered by NVIDIA's partnerships with OpenAI and Stargate, with projections for datacenter revenues being considerably higher than previous estimates. A potential recovery in demand from China due to easing trade uncertainties is also noted as a contributing factor to this expected growth.
Source: YAHOO