fromwww.mercurynews.com
1 week agoNvidia upgraded as HSBC sees AI driving nearly 80% upside
HSBC also raised the price target on the stock to a Street-high of $320, up from $200. The new target implies upside of nearly 80% from Nvidia's last close of $180.03. Hitting that target would translate to a market capitalization close to $8 trillion, compared with about $4.37 trillion currently. We expect AI GPU TAM to keep increasing beyond hyperscalers, leading to continuous earnings growth, analyst Frank Lee wrote, referring to the total addressable market for the processing chips.
Artificial intelligence




