①Loop Capital Markets, a U.S. investment bank, significantly raised NVIDIA's target price from $250 to $350 on Monday; ②This new target price is approximately 70% higher than NVIDIA's latest closing price of $206.88, implying that the company’s market capitalization could exceed $8.5 trillion; ③Several major Wall Street banks, including Goldman Sachs and Bank of America, have recently reaffirmed their bullish stance on NVIDIA.
Cailian Press reported on November 4 (edited by Bian Chun) that last week, $NVIDIA (NVDA.US)$ became the first company in history to surpass a market value of $5 trillion. Wall Street analysts stated that the company's market capitalization could further increase by several trillion dollars.
Loop Capital Markets, a U.S. investment bank, significantly raised NVIDIA's target price from $250 to $350 on Monday. This new target price is approximately 70% higher than NVIDIA's latest closing price of $206.88, implying that the company’s market capitalization could exceed $8.5 trillion.
NVIDIA shares rose more than 2% on Monday, corresponding to a market value increase of slightly over $100 billion. On one hand, Amazon's signing of a $38 billion computing power contract with OpenAI provided a boost to NVIDIA’s stock. On the other hand, it was reported that the U.S. had, for the first time, approved Microsoft’s export of NVIDIA’s latest chips to the UAE.
NVIDIA’s stock price has risen by more than 50% year-to-date, outperforming the Philadelphia Stock Exchange Semiconductor Index’s gain of 45%.
“We are entering the next 'golden wave' of generative artificial intelligence applications, and NVIDIA is at the forefront of another substantial support driven by stronger-than-expected demand,” wrote Loop analyst Ananda Baruah.
Baruah noted that NVIDIA is about to begin mass production of its Blackwell graphics processing chips (GPUs), “which will nearly double its shipments over the next 12-15 months while also benefiting from an increase in average selling prices (ASPs).”
Another U.S. investment bank, Rosenblatt Securities, raised its target price for NVIDIA from $215 to $240 on Monday, noting that a recent conference hosted by NVIDIA indicated “orders for Blackwell could reach an astonishing $500 billion-plus by 2026.”
The senior research analyst at Rosenblatt Securities wrote, “We are impressed by how NVIDIA’s artificial intelligence platform is rapidly expanding into markets beyond hyperscale data centers.”
Additionally, several major Wall Street firms, including Goldman Sachs and Bank of America, have recently reaffirmed their bullish stance on NVIDIA.
NVIDIA is set to release its latest quarterly earnings report on November 19. Last week, the financial results of other major technology companies further demonstrated that NVIDIA's key customers include $Microsoft (MSFT.US)$ 、 $Meta Platforms (META.US)$ 、 $Alphabet-C (GOOG.US)$ and $Amazon (AMZN.US)$ —— will continue to make significant investments in the field of artificial intelligence.
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