Odaily Planet Daily report: Global AI chip giant NVIDIA today released its latest quarterly earnings report, and its strong performance and optimistic guidance once again shook the market. Following the earnings release, major Wall Street investment banks and rating agencies issued a flurry of statements, sparking a widespread wave of price target upgrades. Despite this, NVIDIA’s stock showed muted pre-market movement, remaining flat at yesterday’s closing price of $223, corresponding to a market capitalization of $5.4 trillion.
Among the 14 core institutions whose expectations were updated today, several raised their price targets. Melius Research was the most bullish, raising NVIDIA’s target price from $380 to $400, while Bank of America Global Research and Benchmark also significantly increased their targets to $350 and $335, respectively.
The average target price for NVIDIA on Wall Street has now approached $307. Based on NVIDIA’s current total of 24.2 billion shares outstanding, if the stock reaches the institutional consensus average, its market capitalization will steadily surpass $7.4 trillion; if it reaches the peak of $400 projected by Melius Research, NVIDIA’s market cap could surge further to an astonishing $9.68 trillion, continuing to break historical records in global capital markets. (CLS)