Nvidia, after strong earnings, sees Wall Street collectively raise target prices, with a high of $400

Odaily Planet Daily News: Global AI chip giant Nvidia today announced its latest quarterly earnings report, with robust performance and optimistic forward guidance once again stunning the market. Following the earnings release, mainstream Wall Street investment banks and rating agencies have spoken out intensively, sparking a significant wave of "target price hikes." Despite this, Nvidia's stock price remained tepid in pre-market trading, currently flat 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 outlooks today, major organizations have raised their target prices. Melius Research is the most optimistic, raising its Nvidia target price from $380 to $400; Bank of America Global Research and Benchmark have also raised theirs aggressively 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 average consensus price of institutions, its total market capitalization will steadily cross the $7.4 trillion mark. If it reaches the $400 peak envisioned by Melius Research, Nvidia's market cap would further surge to an astonishing $9.68 trillion, continuing to set historical records in the global capital markets. (CLS)