NVIDIA's post-earnings performance has prompted a wave of target price upgrades from Wall Street, with the highest target reaching $400

Odaily Planet Daily News: NVIDIA, the global AI chip giant, today released its latest quarterly financial report, with its strong performance and optimistic forward guidance once again shaking the market. Following the earnings release, major Wall Street investment banks and rating agencies have been vocal, sparking a significant wave of "target price upgrades." 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 expectations today, various institutions have raised their target prices. Among them, Melius Research is the most optimistic, further raising its NVIDIA target price 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 across Wall Street is now nearing $307. Based on NVIDIA's current total shares outstanding of 24.2 billion, if the stock price reaches the average consensus target, its total market capitalization will steadily cross the $7.4 trillion mark. And if it reaches the peak of $400 as envisioned by Melius Research, NVIDIA's market cap could further skyrocket to an astonishing $9.68 trillion, continuing to set new historical records in the global capital markets. (CLS)