Wall Street analyst sets new Nvidia Street-high price target

Core Viewpoint - Nvidia shares received a significant boost as Loop Capital Markets raised its price target to $350, indicating a potential upside of about 65% from the current price of $211, which would value the company at over $8.5 trillion [1][3]. Group 1: Market Outlook - The bullish sentiment is driven by increasing demand for Nvidia's Blackwell GPUs, with expectations that GPU shipments will double in the next 12 to 15 months, potentially reaching 2.1 million units by early 2026 [3][4]. - Nvidia is recognized as the leader in the AI processor industry, with demand for GPU chips expected to outstrip supply through 2026, reinforcing its dominant market position [4][6]. Group 2: Growth Catalysts - The upcoming Blackwell chip cycle is anticipated to be a major growth driver for Nvidia, with analysts describing it as the beginning of a new "Golden Wave" in AI adoption [5][6]. - Nvidia has secured over $500 billion in Blackwell chip orders through 2026, indicating strong market confidence and expansion beyond hyperscale data centers into new applications [6]. Group 3: Investor Sentiment - Investors are closely monitoring Nvidia's Q3 earnings report scheduled for November 19, as it will provide insights into the company's ability to sustain its rapid growth amid a global AI investment surge [7].