Nvidia to invest billions in US chip production over four years, FT reports
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JPMorgan Reiterates Overweight Rating on NVIDIA (NVDA)
March 20, 2025 6:14 AM EDTJPMorgan analyst Harlan Sur reiterated an Overweight rating and $170.00 price target on NVIDIA (NASDAQ: NVDA).
The analyst comments "NVIDIA held its financial analyst event yesterday following the GTC keynote presentation (see our takeaways here) from Tuesday. The team highlighted its strong ecosystem, which includes silicon, system hardware, software, customer partnerships, and an extensive installed user/developer base, demonstrating how it is well-positioned to capture a higher percentage of the $1 trillion in annual data center spending. Additionally, the team believes that spending from AI factories represents upside optionality, as... More
