A number of Wall Street investment banks have sharply raised the target price of Nvidia

FAP, May 25 / PRNewswire-FirstCall-Asianet /-- Barclays raised its target price from $275 to $500; JPMorgan Chase raised its target price from $250 to $500; Wells Fargo raised its target price from $320 to $450; Baird upgraded Nvidia to outperform the market with a target price of $475 Jefferies raised its target price to $472 from $300, while Oppenheimer raised its target price to $420 from $350. Earlier, Nvidia rose 27% before trading, and its Q2 revenue guidance for fiscal year 2024 exceeded market expectations.