NVIDIA Price Target Raised to $1200, Despite $825.79 Fair Value and -8.1% Downside

NVIDIA Corporation (NVDA) is experiencing significant attention in the financial markets, with various analysts adjusting their forecasts and price targets ahead of its upcoming earnings report on May 22nd. Jefferies analyst Blayne Curtis notably raised the price target from $780 to $1200, citing increased AI spending, which is expected to reach 25% of semiconductor revenues by 2027, and expansion in cloud capital expenditure budgets. HSBC also predicts a potential 50% increase in NVIDIA's stock value, emphasizing that the company's earnings power is still underappreciated. Additionally, NVIDIA's dominance in the AI chip market is highlighted by its strong performance in May, historically one of its best months since going public in 1999, with a 69% win rate and an average return of +9.67%. The company's strategic position is further supported by its significant role in the AI training market, where it faces little competition. However, the Investing Pro 'fair value' price for NVIDIA is currently set at $825.79, implying a -8.1% downside.