Nvidia regains title of world's most valuable company as analysts raise stock targets

Nvidia has regained its status as the world's most valuable company, surpassing Apple. Analysts have raised their price targets for Nvidia's stock ahead of its earnings report on November 20, reflecting strong confidence in its position in the AI chip market. Analysts from Melius Research, Piper Sandler, and Morgan Stanley have increased their price targets, citing ongoing demand for Nvidia's AI chips. They noted potential supply constraints for the next-generation Blackwell chips but remain optimistic about Nvidia's growth prospects. The analysts believe that the overall market for AI accelerators will expand significantly, benefiting Nvidia. They expect sustained capital expenditures from major tech companies, which will likely drive further demand for Nvidia's products in the coming years.