NVDA Rallies on Jefferies $300 Price Target Hike; AI Chip Demand Fuels Optimism
Jefferies raised Nvidia's price target from $275 to $300 per share, signaling bullish sentiment on the AI chip leader's growth prospects and market dominance.
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Jefferies raised Nvidia's price target from $275 to $300 per share, signaling bullish sentiment on the AI chip leader's growth prospects and market dominance.
NVIDIA reports exceptional Q1 FY2027 results with $81.62B revenue (+85% YoY) and $2.39 EPS (+214.5% YoY), driven by Data Center dominance and Blackwell architecture momentum.
S&P 500 surged 0.8% past 7,500 on AI strength and US-China summit optimism. Nvidia jumped 4.4% after US cleared H200 chip exports. Cisco soared 13% on upgraded forecasts amid geopolitical easing.
Markets rose despite weak ADP jobs as productivity improved. Broadcom beat Q2 estimates driven by AI sales and cash flow, while lululemon beat EPS but cut guidance. Traders await Friday’s BLS jobs re…