The post This banking giant raises Nvidia stock target by 60% appeared on BitcoinEthereumNews.com. Banking giant HSBC has raised its Nvidia (NASDAQ: NVDA) price target to $200 from $125, a 60% increase, while maintaining a ‘Hold’ rating. The new target implies a 16% rally from the current price of $172. Notably, the American semiconductor giant is facing short-term losses, with shares down 1.6% on the day and nearly 4% over the past week. NVDA one-week stock price chart. Source: Finbold HSBC’s revision reflects a larger-than-expected AI GPU total addressable market, driven by cloud service providers’ capex upgrades, up roughly 37% year to date.  The bank also cited accelerating enterprise and sovereign AI demand and a more constructive outlook on China following the resumption of H20 licensing. For 2QFY26, HSBC projects Nvidia will post sales of $46.7 billion, slightly above management’s $45 billion guidance and broadly in line with consensus at $46.3 billion. For 3QFY26, it expects $53.9 billion, also near the Street’s $53.3 billion estimate, momentum that HSBC does not believe will trigger significant upward revisions. Risks from the Chinese market  That said, the bank flagged several risks, particularly in China. These include uncertainty over the size of the AI GPU market, potential average selling price pressure from U.S. revenue-sharing requirements, and possible pushback against U.S. chips despite the reversal of H20 export restrictions. “We believe China AI GPU [total addressable market] uncertainties remain and could disappoint the market, given lower ASP due to revenue sharing with the US administration, as well as a push back on using US chips from the Chinese authorities,” the bank said.  In general, ahead of Nvidia’s August 27 earnings, analysts widely expect strong fiscal second-quarter results, but guidance for the October quarter may fall slightly below consensus as China revenue is unlikely to be included due to pending license approvals.  Excluding China, Nvidia could be leaving $2–3 billion… The post This banking giant raises Nvidia stock target by 60% appeared on BitcoinEthereumNews.com. Banking giant HSBC has raised its Nvidia (NASDAQ: NVDA) price target to $200 from $125, a 60% increase, while maintaining a ‘Hold’ rating. The new target implies a 16% rally from the current price of $172. Notably, the American semiconductor giant is facing short-term losses, with shares down 1.6% on the day and nearly 4% over the past week. NVDA one-week stock price chart. Source: Finbold HSBC’s revision reflects a larger-than-expected AI GPU total addressable market, driven by cloud service providers’ capex upgrades, up roughly 37% year to date.  The bank also cited accelerating enterprise and sovereign AI demand and a more constructive outlook on China following the resumption of H20 licensing. For 2QFY26, HSBC projects Nvidia will post sales of $46.7 billion, slightly above management’s $45 billion guidance and broadly in line with consensus at $46.3 billion. For 3QFY26, it expects $53.9 billion, also near the Street’s $53.3 billion estimate, momentum that HSBC does not believe will trigger significant upward revisions. Risks from the Chinese market  That said, the bank flagged several risks, particularly in China. These include uncertainty over the size of the AI GPU market, potential average selling price pressure from U.S. revenue-sharing requirements, and possible pushback against U.S. chips despite the reversal of H20 export restrictions. “We believe China AI GPU [total addressable market] uncertainties remain and could disappoint the market, given lower ASP due to revenue sharing with the US administration, as well as a push back on using US chips from the Chinese authorities,” the bank said.  In general, ahead of Nvidia’s August 27 earnings, analysts widely expect strong fiscal second-quarter results, but guidance for the October quarter may fall slightly below consensus as China revenue is unlikely to be included due to pending license approvals.  Excluding China, Nvidia could be leaving $2–3 billion…

                                                                               Powell said the Federal Open Market Committee is weighing interest rates on a meeting-by-meeting basis, with no long-term consensus.                     US Federal Reserve Chair Jerome Powell said the 19 members of the Federal Open Market Committee (FOMC) remain divided on additional interest rate cuts in 2025.At Wednesday’s press conference after the Fed’s 25-basis-point rate cut, Powell said the central bank is trying to balance its dual mandate of maximum employment and price stability in an unusual environment where the labor market is weakening even as inflation remains elevated. Powell said:Powell said that the “median” FOMC projection from the Federal Reserve’s Summary of Economic Projections (SEP), the Fed’s quarterly outlook for the US economy that informs interest rate decisions, projected interest rates at 3.6% at the end of 2025, 3.4% by the end of 2026, and 3.1% at the end of 2027.Read more