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HSBC Upgrades Nvidia (NVDA) Price Target Amid AI Growth Optimism

HSBC Upgrades Nvidia (NVDA) Price Target Amid AI Growth Optimism

Author:

Global Cryptocurrency

Published:

2025-10-15 23:33:01

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BTCCSquare news:

Nvidia shares ROSE 2% in early trading after HSBC upgraded the stock to Buy from Hold, citing resilient earnings growth potential. Analyst Frank Lee raised his price target to $320 from $200, anticipating expansion in Nvidia's AI chip market beyond hyperscalers. The company's dominant GPU position is expected to drive outsized gains as AI adoption accelerates.

Year-to-date, NVDA has surged nearly 30%, weathering 2025's market volatility. Wednesday's gains offset Tuesday's 4% decline during broader tech sector weakness caused by escalating US-China trade tensions. Five additional institutions have since issued bullish revisions for the stock.

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