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Piper Sandler raised its rating on Rivian to overweight, noting the stock can rally 96% from here. Baird's $1,050 price target implies that Nvidia stock could still rally another 19%, adding onto its eye-watering 78% gain so far this year. After soaring more than 200% last year, Nvidia shares have surged another 77% in 2024. "Make no mistake: buying RIVN is risky and a botched midyear re-tooling effort could yet surprise investors negatively," Potter wrote. Snowflake shares have struggled this year, losing 20%, in part due to Frank Slootman stepping down his CEO role.

Persons: Piper Sandler, Guggenheim, Baird, Trista Gerra, Blackwell, Gerra, Lisa Kailai Han, Alexander Potter, Tesla, Rivian hasn't, Potter, Rivian, John DiFucci, DiFucci, Snowflake, Frank Slootman, Fred Imbert Organizations: CNBC, Nvidia, GTC, Guggenheim Locations: Rivian

☆ Goldman, JPMorgan and others crank up Nvidia price targets in wake of latest earnings
▼ + stars: | 2023-11-22 | by ( Alex Harring | ) www.cnbc.com time to read: +9 min

Several analysts hiked their price targets for the stock to show they expect greater upside ahead after the latest financials. Below, CNBC Pro compiled a list of major investment firms that raised their price targets following the Nvidia report, along with their key conclusions: Goldman Sachs Analyst Toshiya Hari raised the price target by $20 to $625. Morgan Stanley Analyst Joseph Moore added $3 to his price target, bringing it to $603. BMO Capital Markets Like JPMorgan, BMO analyst Ambrish Srivastava hiked his target price by $50 to $650. Bernstein Analyst Stacy Rasgon increased his target price by $25 to $700, equating to 40% upside over the coming year.

Persons: Jensen Huang, chalked, Goldman Sachs, Toshiya Hari, Harlan Sur, Morgan Stanley, Joseph Moore, Aaron Rakers, Vivek Arya, Timothy Arcuri, NVDA, Ambrish Srivastava, Grace Hopper, Ruben Roy, Bernstein, Stacy Rasgon, Vijay Rakesh yanked, 2024E, INTC's, William Stein, Michael Bloom Organizations: Nvidia, CNBC Pro, Center, Foundry Service, JPMorgan, NVIDIA, " Bank of America, NVDA, UBS, BMO, Markets, AMD Locations: China, Tuesday's, CY24, CY25

☆ Nvidia plans to release three new chips for China - local media
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +2 min

A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSHANGHAI, Nov 9 (Reuters) - Nvidia (NVDA.O) is planning to release three new chips for China, local media reported on Thursday, weeks after the U.S. blocked it from selling two high-end artificial intelligence (AI) chips and one of its top gaming chips to Chinese firms. One of the company's top-of-the-line gaming chips, the L40S chip, which it announced in August, would also be affected, it said. On Oct. 24, Nvidia said those curbs would take immediate effect, as U.S. regulators had sped up an original deadline. Chinese internet giant Baidu (9888.HK) placed a sizeable order for Huawei AI chips this year, sources have said.

Persons: Dado Ruvic, Baidu, Brenda Goh, Christopher Cushing, Edwina Gibbs Organizations: NVIDIA, REUTERS, Rights, Nvidia, STAR Market, Huawei Technologies, Baidu, HK, Huawei, Thomson Locations: China, U.S, Washington

☆ Nvidia says U.S. speeded up new export curbs on AI chips
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +1 min

A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 24 (Reuters) - Chip designer Nvidia (NVDA.O) said new U.S. export curbs on the sale of its high-end artificial intelligence chips to China came into effect on Monday as regulators advanced the deadline. The restrictions were supposed to come into play 30 days from Oct. 17 when the Biden administration unveiled measures to stop countries, including China, Iran and Russia, from receiving advanced AI chips designed by Nvidia and others. The restrictions bar exports of Nvidia's modified advanced AI chips A800 and H800 - both of which were created for the Chinese market to comply with previous export rules. The Nvidia A100, H100 and L40S chips are also impacted by the curbs.

Persons: Dado Ruvic, Nvidia, Biden, Aditya Soni, Arun Koyyur, Anil D'Silva Organizations: NVIDIA, REUTERS, Nvidia, Devices, U.S . Department of Commerce, Intel, Gaudi, Thomson Locations: China, Iran, Russia, U.S, Bengaluru

The new restrictions will also affect rival chips produced by Advanced Micro Devices (AMD.O) and Intel (INTC.O), according to analysts. In its filing, Nvidia said two of its modified advanced AI chips - the A800 and H800 - both of which it created for the Chinese market to comply with previous export rules, would be blocked for sale under the new rules. Nvidia declined to comment beyond the filing. Chips being built by Intel and Advanced Micro Devices that aim to compete with Nvidia will also be impacted. Intel declined to comment on the Gaudi 2 chip and said it was assessing the new rules.

Persons: Dado Ruvic, Dylan Patel, Intel's Gaudi, Bernstein, Stacy Rasgon, Patel, Biden, chipmaker, Yuvraj Malik, Max A, Sriraj Kalluvila, Leslie Adler Organizations: NVIDIA, REUTERS, Nvidia, Beijing, Micro Devices, Intel, Gaudi, AMD, Thomson Locations: China, Bengaluru, Max, San Francisco

☆ KeyBanc raises Nvidia price target, sees more than 65% upside
▼ + stars: | 2023-10-03 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

A shift toward higher-priced graphics processing units could further boost shares of Nvidia , according to KeyBanc. The firm raised its price target on the semiconductor maker to $750 from $670, implying a potential upside of 67% from Monday's close. Nvidia has been the poster child for this year's artificial intelligence-fueled run, rallying more than 200% during that time. NVDA YTD mountain NVDA ytd chart "We are seeing improving demand trends in smartphones, where multiple supply chain partners are seeing rush orders, and in PCs, where 3Q PC shipments are slightly better. Although near-term supply remains tight for Nvidia, Vinh still sees moderate upside to the firm's estimates given capacity expansions and strong demand for its L40S graphics processing unit.

Persons: KeyBanc, John Vinh, Vinh, — CNBC's Michael Bloom Organizations: Nvidia Locations: Monday's, Evs, 2H24, 4Q24

☆ Rosenblatt raises its Nvidia price target to a Wall Street high, sees the stock more than doubling
▼ + stars: | 2023-08-24 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

The firm raised its price target from $800 to $1,100 — a new high among Wall Street analysts — after the chipmaker beat second-quarter estimates and issue optimistic guidance. Rosenblatt had already hiked its price target heading into this week . The new price target implies more than 133% upside from Wednesday's close. Analyst Hans Mosemann described Nvidia's AI growth story as "the mother of all cycles." However, he forecasts constraints lifting in 2025, which would then raise the company's earnings per share power to a degree not reflected in the current valuation — and justifying the price target increase.

Persons: Rosenblatt, —, Hans Mosemann, Mosemann, Hopper, L40S, Michael Bloom Organizations: Wall Street, Nvidia

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