Nvidia stock hits an all-time high on new AI bullishness from Wall Street analysts

• Nvidia hit a new record as leading companies on Wall Street raised their stock price targets.

• Bank of America increased its targeting of Nvidia for a stronger outlook for AI data center growth.

• Wells Fargo raised its price target, indicating about 38% upside for the stock.

Nvidia The stock is trading at all-time highs on Wednesday.

The leading U.S. AI chip maker saw its shares rise as much as 3% to $227.84 before trimming its gains slightly. This rise increased the market value to over 5.5 trillion dollars.

Analysts on Wednesday laid out a new bullish outlook for the company and the broader AI business for the rest of this decade. Optimism for Nvidia shares is also rising ahead of the company’s May 20 earnings report.

Nvidia’s new record comes as the chipmaker’s CEO Jensen Huang joins President Trump in Beijing As part of the US delegation US-China summit.

Analysts at Bank of America and Wells Fargo raised their stock price targets ahead of Nvidia’s first-quarter results next Wednesday.

Bank of America: Nvidia ‘the industry’s best choice’

AI business will “remain stronger for longer in terms of compute, memory and networking,” as Bank of America expects the AI ​​data center market to reach $1.7 trillion by 2030.

Analysts raised their Nvidia price target to $320 from $300; This represents another 40 percent increase from Wednesday’s record high.

“Upcoming catalysts include earnings, Computex trade show (possible new CPU launch), Vera Rubin launch, and 2-hour cash return,” they wrote.

Wells Fargo: Growing data center opportunity

Wells Fargo raises price target to $315 from $265 ahead of Nvidia earnings; This indicates a possible increase of approximately 38%.

Nvidia has transformed from a hardware supplier to a gigawatt-scale capacity provider in the age of artificial intelligence, making its stock an artificial intelligence favorite of investors in recent years.

“Despite top-line/margin concerns, we continue to argue that NVIDIA is a buy, trading at <20x P/E, with what we see as resilient 2027 consensus estimates and a positive growth outlook,” the analysts said.

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