Nvidia stock nears all-time high after Loop Capital hikes price target
- Loop Capital pushes NVDA price target from $175 to $250.
- $250 is now the high among Wall Street analysts for Nvidia stock.
- US equity indices are mixed on Wednesday following two days of strong advances.
- Nvidia stock has risen to within striking distance of the January 7 all-time high at $153.13.
Nvidia (NVDA) stock has risen more than 3% on Wednesday, just under its all-time high of $153.13 from January 7. The reason for euphoria is Loop Capital hiking its price target by 43% to a new high among Wall Street analysts.
Loop Capital’s Ananda Baruah raised his price target on Nvidia from $175 to $250 on Wednesday. Baruah said that Nvidia’s near monopoly of AI tech could garner it a $6 trillion market cap if annual factor AI…
