On Wednesday, October 15, HSBC raised its price target on Nvidia (NASDAQ: NVDA) to a new Street-high price target of $320, nearly 80% above current levels, as the AI chipmaker unveiled a new $40 billion partnership with BlackRock to acquire Aligned Data Centers.
Nvidia (NASDAQ:NVDA) has been really making a lot of big-league deals in AI that have captured the attention of Wall Street of late.
NVDA and PLTR drive AI integration across healthcare, fueling optimism for Omnicell and Tempus AI's Q3 performance.
Billionaire investors identify high-growth stocks and invest in companies that have the potential to keep growing.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Shares of NVIDIA Corp. (NASDAQ:NVDA) gained 1.13% over the past five trading sessions after gaining 1.04% the five prior.
Gains so far this year have nearly tripled.
Nvidia stock was falling amid fears of a renewed trade war between the U.S. and China, and competition in artificial-intelligence chips.
In the latest trading session, Nvidia (NVDA) closed at $188.32, marking a +2.82% move from the previous day.
Nvidia CEO Jensen Huang sent a letter to staff expressing gratitude after Avinatan Or, an Israeli employee, was released from Hamas captivity following a U.S.-brokered ceasefire deal.
Power Integrations, a niche chipmaker that provides chips for handling power, on Monday said it is working with Nvidia on the artificial intelligence giant's push to make data centers operate at higher voltages.
Nvidia Corporation maintains its AI hardware dominance, reinforced by a confirmed $2B investment in Elon Musk's xAI and U.S. approval for UAE chip exports. The xAI partnership secures future demand for NVDA's top-tier GPUs and strengthens its ecosystem and marketing reach in generative AI. U.S. export approval to the UAE opens a lucrative new market for NVDA, potentially adding billions in sales and expanding its global influence.