Nvidia (NVDA) shares rallied 2.6% in early trading on June 25 after Loop Capital boosted its 12-month price target from $175 to $250. The decisive upgrade reflects growing conviction in booming AI compute demand, alongside optimism around Nvidia’s new gaming GPU launch and solid supply-chain dynamics.
Price Target Hike Details
Loop Capital’s analysts argue that hyperscale cloud spending and “AI factory” compute investment could reach $2 trillion by 2028, driven by Gen AI and accelerator deployments.
- New Target: $250 (vs. prior $175)
- Rating: Buy
- Rationale: AI compute markets alone justify a potential $6 trillion Nvidia market cap
Market Reaction & Trading Activity
- Volume Spike: Trading volume on Nasdaq was 20% above its 30-day average,…
