HSBC Bank: "Nvidia Stock is Going to $1,350 SOON"

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Nvidia Stock News (NVDA)

The large AI market has continued gaining traction in 2024 as companies spent huge amounts of money on building up AI infrastructure, so that they don't fall behind in the race to deploy and integrate the newest AI applications.

According to one estimate, global spending on AI is expected to cross a whopping $200 billion this year, and chipmakers like Nvidia have gotten so many investors rich thanks to this massive splurge.

That is why HSBC analyst Frank Lee recently raised his price target for Nvidia stock to a staggering $1,350, and this implies an upside of around 50% from where the stock is trading as of the time of this video!


Disclaimer: This is not licensed financial advice, we are just sharing our thoughts for your fun and entertainment.

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