Wall Street is starting a bullish trend on NVIDIA Corporation (NVDA.US)! Loop Capital has set the highest target price at $350.

Loop Capital has raised its price target for NVIDIA Corporation (NVDA.US) from $250 to $350, which is currently the highest target price on Wall Street. Based on the target price on Monday, the market value of NVIDIA Corporation will reach $8.5 trillion. Loop Capital analyst Ananda Baruah stated that due to strong demand for the GB200 NVL72 rack in the market, NVIDIA Corporation's GPU shipments will significantly increase in the next 12 to 15 months. In addition to Loop Capital, several major Wall Street banks have recently raised their price targets for NVIDIA Corporation. Last week, Citigroup, Goldman Sachs Group, Inc., and Bank of America released research reports announcing their "buy" ratings on NVIDIA Corporation, with a focus on the certainty of the $500 billion sales scale of the Blackwell and Rubin platforms, breakthroughs in multiple technology areas, and potential for ecosystem expansion. Among the three banks, Bank of America was the most bullish, with a target price of $235; Goldman Sachs Group, Inc. and Citigroup were relatively conservative, with target prices set at $210. Additionally, Rosenblatt Securities raised its target price for NVIDIA Corporation from $215 to $240 on Monday and maintained a "buy" rating. NVIDIA Corporation went all out at the GTC conference in Washington last week, releasing a series of important information in seven major areas including artificial intelligence (AI), quantum computing, open-source models, US manufacturing, enterprise computing, Siasun Robot & Automation, and 6G. The CEO of the company, Jensen Huang, stated in his speech that there is "visibility" for the $500 billion sales scale of the two GPU product lines, Grace Blackwell and Vera Rubin, by 2026. Boosted by the major releases at the GTC conference, NVIDIA Corporation's market value surpassed $5 trillion last week, becoming the first company in history to reach a market value of $5 trillion. As the world's largest company, NVIDIA Corporation naturally has the highest weight in the major stock indexes weighted by market value. The stock accounts for 8.5% of the S&P 500 index, exceeding the combined weight of the bottom 240 companies in the index. It is worth mentioning that NVIDIA Corporation will announce its third-quarter results for 2025 on November 19th, Eastern Time. Although the latest results have not been released yet, some analysts see NVIDIA Corporation as the biggest winner in this earnings season. The management of Amazon.com, Inc. (AMZN.US), Alphabet (GOOGL.US), Meta Platforms (META.US), and Microsoft Corporation (MSFT.US) all emphasized increased spending on artificial intelligence (AI) last week, and NVIDIA Corporation is set to be the biggest beneficiary of this trend. Matt Stucky, Chief Investment Officer of Stock at Northwestern Mutual Wealth Management, stated, "The message I'm getting is that major companies will continue to invest in computing power, and NVIDIA Corporation 'may be the best supplier in the market right now.'" He added, "The flow of these funds is towards computing power suppliers, semiconductor companies, and platforms," with NVIDIA Corporation being a major player in this. Jordan Klein, a trading analyst at Mizuho Securities, also shares a similar view. In a report to clients, he wrote, "All roads lead to NVIDIA Corporation," and this will also benefit smaller chip companies like Broadcom Inc. (AVGO.US) and Micron Technology, Inc. (MU.US).