Nvidia could hit a $13 trillion market cap, analyst says
Raymond James analyst Simon Leopold raised Nvidia's price target to $550, implying a $13 trillion market cap. Nvidia reported Q2 adjusted EPS of $2.22 on revenue of $96.2B, exceeding expectations. The company projected Q3 revenue between $105.8B and $110.1B and 70% growth for FY2028, driving a 9% stock rise.
How this was made
The 30-second read
Why it matters
The earnings beat and upgraded price target could drive short‑term buying pressure.
Market read
NVDA's earnings and guidance are likely to influence AI chip stocks and broader market sentiment.
What to watch
Potential supply constraints in memory chips could temper revenue growth.
Background
Nvidia reported Q2 FY27 results beating estimates and issued strong FY28 outlook.
Ticker impact
Raymond James raised NVDA price target to $550, citing FY28 70% revenue growth and strong Q2 results.
Potential further price appreciation in the near term.
Guidance exceeds consensus, buyback and dividend signal strong cash flow.
Market effects
AI chip sector may see broader rally on Nvidia's guidance.
U.S. markets likely to gain from Nvidia's bullish outlook.
Global AI hardware demand expectations are reinforced.
Counterpoint
Some investors may view the aggressive FY28 growth as overly optimistic.
Key entities
- Analyst FirmRaymond James
Raised NVDA price target to $550.
- CEOJensen Huang
Commented on growth outlook and memory chip shortages.
