The shares of the world's most valuable company by market cap, Nvidia Corporation, rose almost 2% on Tuesday, hitting a new all-time high after Wall Street analysts' bullish price target updates ahead of the AI-darling's first-quarter earnings results on Wednesday, May 20.
Susquehanna analyst Christopher Rolland raised his price target on Nvidia stock to $275 from $250 while maintaining a Buy rating, citing strong chip demand and growing Blackwell momentum. UBS also reaffirmed its Buy rating on Nvidia, while revising its price target upward from $235 to $245. Wells Fargo raised its price target on the chipmaker to $315 from $265 while maintaining an Overweight rating on the stock.
At 3:40 pm ET, Nvidia shares were up 1.96%, going for $223.75 apiece, surpassing $5.4 trillion in market capitalization. The stock has gained 18% year-to-date as demand for AI chips continues to surge.
https://breakingthenews.net/Article/Nvidia-shares-hit-record-high-on-analysts'-upgrade/66276231
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