Reported 15 days ago
Nvidia's shares rose over 2% after HSBC upgraded the stock to Buy, indicating confidence in the company's continuous earnings growth driven by the expanding market for AI chips. Analyst Frank Lee expects significant revenue potential from emerging players like OpenAI and CoreWeave, estimating Nvidia could see up to $400 billion in revenue. Despite concerns over the fulfillment of OpenAI's commitments and U.S. energy infrastructure challenges, the company remains optimistic with a raised price target of $320 per share.
Source: YAHOO