June 25 - Nvidia (NVDA, Financial) shares rose 2.5% on Wednesday after Loop Capital boosted its price target on the chipmaker to a new high among Wall Street analysts.
The firm now sees Nvidia stock reaching $250, up from its prior forecast of $175, based on expectations that hyperscale and AI infrastructure spending could grow significantly over the next few years.
Analyst Ananda Baruah estimates the total market opportunity could hit $2 trillion by 2028. He noted Nvidia's strong grip on “critical technology” and its pricing advantage as key drivers behind the bullish outlook.
Baruah added that Nvidia's dominance in AI and data center markets may support a long-term valuation as high as $6 trillion, given the pace of global enterprise adoption.
The upbeat forecast adds to growing investor confidence in Nvidia's leadership position as demand for AI-driven infrastructure continues to accelerate.
