Why Nvidia Stock Popped on Monday Morning
Shares of Nvidia (NASDAQ: NVDA) surged higher on Monday, jumping as much as 5.2%. As of 11:07 a.m. ET today, the rally had faded somewhat, though the stock was still up 0.5%.
The catalyst that sent the chipmaker higher was increasing confidence in its artificial intelligence (AI) prospects on Wall Street, resulting in a pair of price target increases.
analyst Frank Lee maintained his buy rating on the stock while increasing his price target to $1,050. That suggests potential upside of more than 20% compared to Friday's closing price -- and on top of the stock's 500% gains since the beginning of 2023. The analyst cited Nvidia's expansion beyond graphics processing units (GPUs) into central processing units and software to power its AI-centric processors.
Source Fool.com
HSBC Holdings plc Stock
With 0 Sell predictions and 1 Buy predictions the community sentiment towards the HSBC Holdings plc stock is not clear.
However, we have a potential of -3.92% for HSBC Holdings plc as the target price of 8 € is below the current price of 8.33 €.
