The post Nvidia stock just received its highest-ever price target appeared on BitcoinEthereumNews.com.

Already before the morning bell on Monday, January 27, Nvidia (NASDAQ: NVDA) stock has been hit hard by the release of China’s novel DeepSeek artificial intelligence (AI) model. The tempest caused the semiconductor giant to suffer a record-breaking $600 billion market capitalization wipe within a single day. By press time on January 30, the situation stabilized, and, as it quickly turned out, Wall Street analysts had remained unshaken by the volatility. Specifically, Tigress Capital’s Ivan Feinseth revised his NVDA stock price target, changing the previous ‘buy’ recommendation into a ‘strong buy.’ Simultaneously, he also joined the previous street high price target, assigned by Rosenblatt Securities on January 8, as he upgraded the forecast from $170 to $220. Why Tigress foresees major upside for Nvidia stock in 2025 Feinseth’s upward revision appears to have arisen from a bullish reading of most of the recent AI news.  For example, he estimates that the release of DeepSeek’s release has done nothing to change Nvidia’s potential and that, indeed, the semiconductor giant’s highly advanced products will continue to be pivotal for further advancement of the technology. The expert simultaneously pointed toward The Stargate Project as a strong sign the Trump administration will continue favoring and backing AI advancements.  The Stargate Project was unveiled soon after Donald Trump took office and represents a $500 billion drive to improve artificial intelligence infrastructure. It boasts backing and participation from multiple industry leaders such as OpenAI and Microsoft (NASDAQ: MSFT). Feinseth also pointed toward Nvidia’s own recent product unveilings, including the GB10 superchip and the much-discussed Blackwell, but also added that he believes the biggest growth avenue for the sector lies in healthcare and life sciences. Recent turmoil does not spoil the long-term picture Looking at NVDA stock performance, it becomes easy to see the source of the…

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Filed under: News - @ January 30, 2025 6:26 pm