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☆ Citi cuts Nvidia price target on U.S. chip export restrictions to China
▼ + stars: | 2023-10-18 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Citi maintained its buy rating on Nvidia but lowered its price target to $575 from $630. The bank's lowered outlook comes after the U.S. Department of Commerce announced new export restrictions Tuesday that would curb the sale of more advanced artificial intelligence chips to China. The move will restrict the export of Nvidia's A800 and H800 chips as the federal government attempts to further tighten last year's restrictions on AI chip exports. Malik lowered his full-year 2025 earnings per share by 0.3% to reflect lowered China exposure with Nvidia's GeForce RTX 4090 graphics cards. Morgan Stanley analyst Joseph Moore lowered his target by $30 to $600 on the back of the new export controls.

Persons: Atif Malik, Malik, Morgan Stanley, Joseph Moore, Moore, — CNBC's Michael Bloom Organizations: Citi, Nvidia, U.S . Department of Commerce, NVIDIA, federal, United Arab Locations: China, Saudi Arabia, United Arab Emirates, Vietnam

☆ 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

☆ Here are the 8 trades and 3 price-target changes we made during a busy week
▼ + stars: | 2023-08-25 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +7 min

Monday Monday proved to be a harbinger for the rest of the week, beginning with purchases of GE Healthcare (GEHC) and Stanley Black & Decker (SWK). GE Healthcare and Stanley Black & Decker appeared especially attractive, leading us to buy 100 shares and 150 shares, respectively. For GEHC, we wanted to take advantage of what we believe was an unwarranted decline in the medical technology company's stock price. Our purchase of Starbucks represents another buying-into-post-earnings-weakness situation, as we did with Microsoft and Stanley Black & Decker earlier in the week. That's why on Thursday we took our Nvidia price target to $600 per share from $450, implying roughly 27% upside.

Persons: Jerome Powell's Jackson, Here's, Stanley Black, Decker, SWK, Nikesh Arora, Jim Cramer, that's, Locker, Locker's, —, Jim Cramer's, Jim, Angela Weiss Organizations: Federal, GE Healthcare, Microsoft, Palo Alto Networks, Big Tech, Amazon, Starbucks, Broadcom, Devices, Nvidia, Charitable, AMD, CNBC, Traders, New York Stock Exchange, AFP, Getty Locations: Danaher, New York City

☆ 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

☆ HSBC hikes Nvidia price target ahead of earnings, sees 80% upside
▼ + stars: | 2023-08-21 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

HSBC thinks Nvidia still has more room to run. Analyst Frank Lee raised his target price on the stock to $780 from $600. Nvidia has been the stock to watch all year, gaining more than 196% thanks to excitement around artificial intelligence. Lee thinks that trend will carry on. Lee thinks Nvidia will once again beat Wall Street expectations.

Persons: Frank Lee, Lee, Baird, Tristan Gerra, — CNBC's Michael Bloom Organizations: HSBC, Nvidia

☆ Wall Street gets more bullish on Nvidia (again). Where Jim Cramer stands going into earnings
▼ + stars: | 2023-08-21 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +8 min

Besides Apple (AAPL), Nvidia is the only other Club stock to get Jim's "own it, don't trade it" designation. There's no doubt technology giants in the world's second-largest economy want Nvidia's chips to build out their AI systems. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Jim Cramer, I'm, Baird, KeyBanc, Piper Sandler, FactSet, Wei, Biden, Colette Kress, Jim Cramer's, Jim, Hsun Huang, Patrick T Organizations: Nvidia, Apple, HSBC, Barclays, Microsoft, Taiwan Semiconductor Manufacturing Company, Financial, Citigroup, Wall Street Journal, CNBC, Nvidia Corp, Mobile, Fallon, Bloomberg, Getty Locations: China, Washington, U.S, Los Angeles , California

☆ Rosenblatt hikes Nvidia price target to Street high, says shares can rally another 80% from here
▼ + stars: | 2023-08-16 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Rosenblatt is getting more bullish on Nvidia , hiking its price target on the chip giant to a Street high ahead of next week's earnings release. Analyst Hans Mosesmann lifted his price target on the chipmaker to $800 from $600 a share, reflecting 82% upside from Tuesday's close. "With unmatched strengths in compilers, libraries, and vertical optimizations, NVDA can overcome hardware specification challenges and drive recurring software revenue streams," Mosesmann wrote in a Wednesday note. "While early innings, we view NVDA as a high-conviction story thriving amid uncertainty given secular AI, autonomous driving, and metaverse tailwinds." Mosesmann expects Nvidia to top estimates for the July quarter and anticipates earnings in the upcoming calendar year will range well into the high teens.

Persons: Rosenblatt, Hans Mosesmann, Mosesmann, metaverse, — CNBC's Michael Bloom Organizations: Nvidia

☆ UBS hikes Nvidia price target ahead of earnings, sees more than 20% upside for the high-flying chipmaker
▼ + stars: | 2023-08-15 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Analyst Timothy Arcuri maintained his buy rating on the stock and raised his price target to $540 from $475. OpenAI's viral chatbot, ChatGPT — as well as other AI models from few well-financed startups — all run on Nvidia's GPUs. NVDA YTD mountain NVDA in 2023 Other firms have raised their outlook on Nvidia ahead of its earnings. Wells Fargo on Tuesday raised its price target on the chipmaker to $500, citing its status as the primary beneficiary of an AI-driven architectural data center transformation. Morgan Stanley on Monday reiterated Nvidia as a "top pick" and maintained its $500 price target, which sent the company's shares 7% higher during the day's trading session.

Persons: Timothy Arcuri, Arcuri, ChatGPT —, Wells, Morgan Stanley, — CNBC's Michael Bloom Organizations: Nvidia, UBS, Lamda Labs Locations: Nvidia's, Wells Fargo

☆ Goldman Sachs raises Nvidia price target, says chipmaker is entering a new growth phase
▼ + stars: | 2023-07-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

NVDA YTD mountain Nvidia shares in 2023 The new price target suggests shares could gain another 16.5% from Friday's close on top of nearly tripling this year. Key to Goldman Sachs' target increase is the stronger compute power and greater numbers of graphics processing units needed to train growing large language models. From training alone, the analyst forecasts a $13 billion base case three-year revenue opportunity and a $316 billion bull case scenario. Social media could yield one of the strongest revenue opportunities, with a base case scenario calling for $1.9 billion in revenue. Along with its target increase on Nvidia, Goldman Sachs upped its price objective on overseas shares of Taiwan Semiconductor Manufacturing .

Persons: Goldman Sachs, Toshiya Hari, Hari, Bruce Lu, — CNBC's Michael Bloom Organizations: Nvidia, company's Data, Wall, Social, Taiwan Semiconductor Manufacturing Locations: Friday's

☆ These 3 Club stocks just hit their highest levels in a year. Here's where we stand on them now
▼ + stars: | 2023-04-19 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

Three Club holdings — Salesforce (CRM), Linde (LIN) and Nvidia (NVDA) — just reached their highest levels of the past 12 months, which Wall Street generally views as encouraging. At the same time, however, some investors may be wondering whether hitting a new 52-week high might signal that it's time to take some profits. Here's how the Club is thinking about our positions in these three stocks that reached this juncture during Tuesday's session. Our last purchase of Salesforce stock was Dec. 21, scooping up 25 shares around $130 each on the belief that investors were way too negative on the company. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Analysts praise Nvidia's results, call A.I. opportunities the next big growth vector for the chipmaker
▼ + stars: | 2023-02-23 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Strong overall results from Nvidia and more artificial intelligence developments outweigh the chip stock's gaming center miss in its recent quarterly print, analysts say. The chipmaker on Wednesday posted better-than-expected quarterly results , driven by growth in its data center business that includes AI chips. CEO Jensen Huang added during a call with analysts that AI is at an "inflection point," leading businesses to purchase its chips for machine learning software. And, while the company's gaming business is unlikely to rebound to its pandemic heights, it looks "largely derisked" going forward, wrote Morgan Stanley's Joseph Moore. He added that this segment could become a steady 10% growth business for the chip maker.

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