Wells Fargo Raises Nvidia Price Target to $315, Keeps Overweight Rating

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Wells Fargo raised its Nvidia price target to $315 from $265, which is about 18.9% above the previous target, and kept an Overweight rating. Wells Fargo said Nvidia’s deployed AI computing capacity is expected to grow from about 9.2GW in fiscal year 2026 to 25.2GW in fiscal year 2029, with data center revenue potentially reaching $628 billion.

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