Nvidia Shares Surge as AI Demand Shows No Signs of Slowing

Nvidia’s stock demonstrated remarkable strength on Monday, posting substantial gains and decisively breaking through its critical 50-day moving average. This upward movement follows a significant analyst upgrade that has reinforced confidence in the artificial intelligence sector’s continued expansion.

Market experts at Jefferies have substantially increased their valuation for Nvidia, raising their price target from $205 to $220 while maintaining their buy recommendation. The financial institution continues to include the chipmaker on its prestigious “Franchise Picks” list, citing the “rapid proliferation of AI demand” and industry-wide supply constraints as primary drivers for their optimistic assessment.

The bullish sentiment extends beyond Jefferies, with other Wall Street leaders expressing continued confidence. Bernstein Research maintains its outperform rating and classifies both Nvidia and... Read more...