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Nvidia Signals $500B AI Chip Boom — Analysts See Big Upside Ahead

NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks Analysts are Tracking Closely. On October 28, Wolfe Research reiterated its “Outperform” rating on the stock with a 230pricetarget.ThefirmcitedsignificantgrowthvisibilityandmaterialEPSupsidepotentialbehindtheratingaffirmation.Inparticular,ittalkedabouthowNvidiahasrevealedmorethan230 price target. The firm cited significant growth visibility and material EPS upside potential behind the rating affirmation. In particular, it talked about how Nvidia has revealed more than 500 billion in demand for its next-generation Blackwell and Rubin chips. This demand is much higher than what the Street anticipates. “NVDA h ...