Overview
- Loop Capital lifted its price target to $350, implying valuation above $8.5 trillion, while Jefferies raised its target to $240 and boosted revenue forecasts to $293 billion for 2026 and $384 billion for 2027.
- Nvidia says it has visibility to roughly $500 billion of Blackwell and Rubin orders across 2025–2026, reinforcing expectations for sustained AI accelerator demand.
- Amazon Web Services announced a $38 billion cloud agreement that gives OpenAI access to hundreds of thousands of Nvidia GPUs, with full deployment expected by 2026.
- Microsoft confirmed U.S. approval to export about 60,400 Nvidia A100 chips plus newer GB300 GPUs to the United Arab Emirates, clearing a key channel for Middle East AI projects.
- Nvidia now represents about 8.5% of the S&P 500 as investors watch for potential margin pressure from higher-cost U.S. fabrication and new China data center energy subsidies, with results due Nov. 19.