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Tag: Deutsche Bank
HSBC Upgrades Nvidia to Buy: Analyst Optimism Grows as AI Market Expands
HSBC has upgraded Nvidia from hold to buy, raising its price target to $320 per share amid expectations of a swelling AI GPU market. With only Deutsche Bank maintaining a hold rating, analyst Frank Lee highlights expanding data center estimates and potential China demand recovery as key drivers.
In a significant move underscoring growing confidence in the artificial intelligence sector, HSBC has upgraded Nvidia from hold to buy, projecting a substantial 78% upside from recent closing prices. Analyst Frank Lee lifted the target price to $320 per share, up from $200, pointing to an expanding total addressable market for graphics processing units (GPUs) and potential demand recovery in key regions like China. This upgrade leaves few cautious voices on Wall Street, with only Deutsche Bank holding a neutral stance and Seaport Global maintaining a sell rating, according to Tipranks.com.