Nvidia price target raised to $560 from $320 at Tigress Financial

Tigress Financial analyst Ivan Feinseth raised the firm’s price target on Nvidia to $560 from $320 and keeps a Buy rating on the shares. The analyst says Nvidia has emerged as a core holding in the generative artificial intelligence investment space and remains at the forefront of generative AI technology development across all aspects of implementation, the analyst tells investors in a research note. The firm expects this to continue to drive a new AI-driven business upcycle, revenue and cash flow growth, and greater shareholder value creation for Nvidia. The company will be a major beneficiary of the expected $1 trillion worth of global data infrastructure spending that will transition from general-purpose to accelerated computing, writes Tigress.