Nvidia keeps pulling investors back in.

My read on JPMorgan’s latest call is that the bank is quietly moving its number higher because the AI engine is still running hot, even if the stock’s day‑to‑day moves have turned messy.

JPMorgan raised its 12‑month price target on Nvidia to $265 from $250 while keeping an overweight rating on the stock, according to an analyst action summary circulated by MT Newswires and posted on MarketScreener.

The update was triggered after Nvidia issued another upbeat revenue outlook around its latest AI‑driven quarter.

Related: Goldman Sachs resets Nvidia stock forecast after earnings

Harlan Sur “maintains Nvidia with a Buy rating and lifts his price target to $265 from…