Nvidia Stock Surges on Raised Price Target Amid AI Boom
Nvidia's market dominance continues as Loop Capital Markets elevates its price target to $350—the highest on Wall Street—implying a potential $8.5 trillion valuation. Shares rallied over 50% this year, fueled by Blackwell GPU shipments and generative AI adoption.
Rosenblatt Securities also raised its target, citing $500 billion in expected Blackwell orders through 2026. Analysts compare Nvidia's AI platform expansion to a 'Golden Wave,' with pricing power and volume growth defying traditional semiconductor cycles.