Nvidia Gets Rating Upgrade, While AMD Sees Bullish Views at HSBC
8 Articles
8 Articles


Nvidia upgraded as HSBC sees AI driving nearly 80% upside
(Bloomberg/Ryan Vlastelica) — Nvidia Corp. added another bull on Wednesday, as HSBC upgraded the chipmaker to buy from hold, citing the ongoing growth of artificial intelligence. 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 abo…
Nvidia Receives 'Buy' Rating, Price Target Boost
Nvidia garnered another endorsement on Wednesday (Thursday AEDT) as HSBC upgraded its rating on the chipmaker to ‘buy’ from ‘hold’, pointing to the sustained expansion of artificial intelligence. HSBC also significantly increased its price target for Nvidia stock to a street-high of $US320 ($490), a substantial rise from the previous target of $US200. This new target suggests a potential upside of approximately 80 per cent from Nvidia’s last clo…
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