New AI peak! HSBC High-octane counterattack against AI bubble theory: NVIDIA Corporation (NVDA.US) stock price can still soar by 80%

After Wall Street financial giant Cantor Fitzgerald shouted out the seemingly crazy target price of $300, another strong bull in the camp of NVIDIA Corporation (NVDA.US) on Wall Street emerged. Based on the continuous explosive expansion of AI computing power infrastructure, the financial giant HSBC upgraded its stock rating for this "AI chip super giant" from "hold" to "buy," launching a strong counterattack against the recent market frenzy over the "AI bubble theory." Even more significantly, HSBC also significantly raised its target price for NVIDIA Corporation from $200 to $320, reaching the highest level on Wall Street. Based on NVIDIA Corporation's closing price of $180.03 on the previous trading day, HSBC's new target implies - the stock price of the world's largest market cap player, NVIDIA Corporation, still has nearly 80% of significant upside potential. If the target set by HSBC is reached, NVIDIA Corporation's market value will reach an incredible approximately $8 trillion, while the current market value of NVIDIA Corporation is around $4.37 trillion, which has long been at the top of the global market value rankings. NVIDIA Corporation's stock price has reached record highs this year, with a rise of up to 40% year-to-date until 2025. "We expect the total addressable market size (TAM) of AI GPUs to continue to expand significantly beyond the super-scale cloud computing vendors, which will bring long-term sustainable strong profit growth," wrote senior analyst Frank Lee from HSBC, referring to the overall addressable market for high-performance AI chips that handle large AI workloads. "This trend will bring significant upside potential for NVIDIA Corporation's profit expectations for the 2027 fiscal year." Benefitting from the strong performance report of "lithography giant" ASML Holding NV ADR and the optimistic outlook on the AI trend from its management, as well as this seemingly crazy research report from HSBC, NVIDIA Corporation's stock price rose 2.2% in pre-market trading, despite a cumulative decline of about 6% over the past three trading days. NVIDIA Corporation welcomes the latest bull, expecting huge upside potential - HSBC upgrades its rating and sets the highest target price on Wall Street. With this latest upgrade, over 90% of analysts covering NVIDIA Corporation's stock on Wall Street recommend "buy" or "hold" this stock. Less than 8% give the equivalent of a "hold" neutral cautious rating, with only one analyst suggesting "sell." In addition, Wall Street analysts have been continuously raising their average target price for NVIDIA Corporation's stock recently, with the latest average target price at around $220, which implies over 20% of potential average return based on its last closing price, and the average target price suggests that NVIDIA Corporation's market cap surpassing $5 trillion is just a matter of time according to Wall Street's view. HSBC also reiterated its "buy" rating for AMD (AMD.US), a long-time competitor of NVIDIA Corporation, in its latest bullish research report, and raised its target price from $185 to $310, also reaching the highest target price level on Wall Street. The stock rose 2.5% in pre-market trading. Analyst Lee wrote that the recent deal the company reached with OpenAI "presents a more favorable bullish outlook," enhancing performance forecast clarity and market bullish sentiment; he also added, "There may be further upside potential from pricing premiums and additional AI GPU shipment expansion." As of the previous trading day's close, AMD's stock price has risen 35% since October and over 80% year-to-date. The AI infrastructure giant surge is coming, and the "global stock king" NVIDIA Corporation continues to write the myth of AI computing power. With NVIDIA Corporation recently announcing a collaboration with its long-time competitor Intel Corporation, as well as announcing a massive $100 billion investment in the leading AI company OpenAI, the two parties plan to jointly build super AI data centers with at least 10 gigawatts (GW) of computing power, the legend of NVIDIA Corporation's "AI computing power" has reached a climax since September. In the eyes of top Wall Street institutions such as Cantor Fitzgerald, HSBC, and Morgan Stanley, NVIDIA Corporation is still the core beneficiary of trillion-dollar AI spending waves, and in the eyes of Wall Street, the momentum of NVIDIA Corporation's stock price hitting historical highs is far from over, and the AI bubble theory is baseless. Wall Street analysts have been continuously raising their 12-month target stock prices for NVIDIA Corporation recently, with the latest average target price on Wall Street implying that NVIDIA Corporation's total market cap will surpass $5 trillion within a year, a super milestone. "NVIDIA Corporation, the head of the global AI computing power industry, has seen a massive $2 trillion capital expenditure just from the large-scale migration from traditional computing to generative AI in the past 12 months. We are definitely not in a bubble; on the contrary, the market is beginning to realize how 'high-quality' AI can bring significant positive investment returns," wrote Cantor Fitzgerald in a research report bullish on NVIDIA Corporation's stock price to $300.