NVIDIA Price Target Raised at HSBC Ahead of Q2 Earnings 
<p>Analysts at HSBC raised the price target for <a href='https://financialmodelingprep.com/financial-summary/NVDA'>NVIDIA (NASDAQ:NVDA)</a> from $600.00 to $780.00 while maintaining a Buy rating ahead of the company’s Q2/24 earnings announcement on Wednesday. The analysts noted that despite already elevated market expectations, the strong momentum in AI server adoption is likely to continue to outperform predictions. </p>
<p>The analysts are revising the AI server estimates for 2024/2025 from 162,500/222,000 to 200,000/400,000, indicating their confidence in robust demand that is surpassing supply, particularly in AI GPU shipments. This favorable trend is expected to persist into fiscal 2025, with increased clarity on the 2024 estimated CAPEX expectations for US CSP cloud providers anticipated in late Q4/23.</p>

NASDAQ:NVDA