Svmuu News: NVIDIA, the global AI chip giant, released its latest quarterly financial results today. Its strong performance and optimistic forward guidance have once again shaken the market. Following the earnings release, major Wall Street investment banks and rating agencies have spoken out intensively, sparking a wave of "target price upgrades." Despite this, NVIDIA's stock price remained tepid in pre-market trading, flatlining at yesterday's closing price of $223, corresponding to a market capitalization of $5.4 trillion.
Among the 14 core institutions that have updated their forecasts today, major firms have all raised their target prices. Melius Research is the most optimistic, pushing its target for NVIDIA from $380 to $400; Bank of America Global Research and Benchmark have also aggressively raised their targets to $350 and $335, respectively.
The average target price for NVIDIA on Wall Street is now approaching $307. Based on NVIDIA's existing total share count of 24.2 billion shares, if the stock price reaches the consensus average price set by institutions, its total market value will steadily surpass the $7.4 trillion mark. Furthermore, if it reaches the $400 pinnacle envisioned by Melius Research, NVIDIA's market cap would skyrocket to an astonishing $9.68 trillion, continuing to set new historical records in global capital markets. (CLS)