Marina Lyubimova
Nvidia has captured renewed attention from Wall Street as optimism around artificial intelligence continues to build. HSBC recently changed its stance on the stock, moving from a neutral Hold rating to Buy while simultaneously raising its price target from $200 to $320. If the stock reaches that level, Nvidia's market value would climb to roughly $7.8 trillion, highlighting just how much faith analysts are placing in the company's dominant position in AI technology.
Technical Picture Shows Strength
Nvidia (NVDA) closed at $179.87, slipping slightly from the prior $180.01. The stock traded between $176–$184 during the day. Support is forming near $176, while resistance sits around $184–$186. A break above resistance could reopen upside momentum, but failure to hold support risks further downside. Short-term action shows consolidation, with bulls needing strength above $186 to regain control.
What's Driving the Optimism
HSBC's upgrade isn't coming out of nowhere. Demand for AI chips that power cloud computing and data centers keeps climbing. Nvidia has deepened its relationships with major tech companies like Microsoft, Google, and Amazon, all of which are racing to expand their AI capabilities. The company's profit margins have hit record levels thanks to products like the H100 and the upcoming Blackwell GPUs. More broadly, investors seem increasingly bullish on anything related to AI infrastructure, and Nvidia sits right at the center of that trend.
Marina Lyubimova
