Key facts: Nvidia faces supply issues; analysts raise stock target; new AI plans announced — TradingView News
Nvidia’s suppliers halted production of H200 AI chip components due to Chinese customs issues, affecting supply for over 1 million expected orders and adding uncertainty to operations in China.1Analysts have shown optimism for Nvidia’s stock, with Jefferies raising the target price to $275 and RBC initiating coverage with an Outperform rating and a $240 target price.2Nvidia, in collaboration with other major tech companies, has announced plans for billions of dollars in new AI-linked spending over the coming years, aimed at driving economic growth in the U.S.3