HSBC ups Nvidia target to $200 with AI growth ‘back on track’

HSBC raised the firm’s price target on Nvidia (NVDA) to $200 from $145 and keeps a Buy rating on the shares. The analyst expects more upside in the company’s data center momentum, saying its Q3 sales and Q4 guidance are on track to beat consensus estimates. Nvidia’s growth “is still not over despite being in uncharted territory as the AI train is back on track,” the analyst tells investors in a research note.