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Investing.com - KeyBanc raised its price target on Nvidia (NASDAQ:NVDA) to $250.00 from $230.00 on Tuesday, while maintaining an Overweight rating on the stock. The semiconductor giant, currently trading near its 52-week high of $184.55, has seen its market capitalization surge to $4.42 trillion, supported by strong financial metrics according to InvestingPro data.
The firm cited several positive developments, including increased CoWoS (Chip-on-Wafer-on-Substrate) supply for 2025 and 2026, which supports Nvidia’s growth trajectory in the AI chip market. This expansion aligns with the company’s impressive 71.55% revenue growth over the last twelve months.
KeyBanc noted that Nvidia has revised its CoWoS demand upward to 370,000 interposers for this year, representing over 90% growth, and has increased its 2025 CoWoS supply forecast to 530,000 interposers, which is 10% higher than previous capacity estimates and represents a 40% increase year-over-year.
The research firm also highlighted improving manufacturing yields for Nvidia’s GB rack production, with yields now exceeding 85%, putting the company on track to ship approximately 30,000 racks this year and at least 50,000 racks in 2026.
KeyBanc further pointed to enhanced specifications for Nvidia’s VR200 NVL144 (Vera Rubin), which should help the company maintain its competitive advantage over AMD’s MI400 product line.
In other recent news, Nvidia has been a focal point with several significant developments. Barclays raised its price target for Nvidia to $240, citing an increase in planned AI infrastructure spending, which is estimated to exceed $2 trillion. Mizuho reiterated its Outperform rating on Nvidia, maintaining a price target of $205, following the company’s $100 billion equity investment in OpenAI. This investment is expected to fund about 10GW of AI data center capacity. Additionally, Nscale Global Holdings secured $1.1 billion in funding from Nvidia, Dell Technologies, and Nokia to expand its AI centers across multiple regions. Meanwhile, RedCloud Holdings joined the NVIDIA Connect program to enhance its AI capabilities, aiming to address a significant inventory gap in the FMCG industry. These developments underscore Nvidia’s active involvement in the AI sector and its strategic partnerships with key tech companies.
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