Nvidia Stock Surges as Analysts Raise Price Targets to $300
Nvidia's stock (NVDA) gained momentum after Baird and Wedbush both raised their price targets to $300, citing strong Q1 guidance and data center growth. The chipmaker's revenue surged 73% year-over-year to $68 billion, with data center performance nearly doubling previous growth rates.
The company has shifted focus from China-bound chips to next-gen Vera Rubin hardware, reallocating TSMC capacity. At $183 per share, Nvidia's stock has delivered a staggering 1,100% return over three years, outpacing most tech peers.