Nvidia's latest financial reports and performance guidelines have exceeded expectations, boosting bullish sentiment on Wall Street. More than 10 major banks, including Damo, Citibank, and Mizuho, have intensively raised their target prices. Since today, at least 13 institutions have raised Nvidia's target price. Among them, Regent Financial Group raised the target price from $352 to $515, the highest target price; Melius Research raised it from $400 to $420; Bernstein raised it from $315 to $400; and Rosenblatt Securities raised it from $325 to $390. Based on Nvidia's 24.1 billion shares, the target price of 515 US dollars corresponds to a market value of about 12.4 trillion US dollars. Nvidia's latest earnings report completely exceeded expectations: revenue for the second quarter of fiscal year 2027 was US$96.2 billion, up 106% year over year; adjusted earnings per share were US$2.22, up 120% year over year; and data center revenue of US$89 billion. The company expects median revenue of US$108 billion for the third fiscal quarter, and expects revenue growth of about 70% for the 2028 fiscal year, which is significantly higher than the market's previous forecast of about 45%.

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