A post by @DeItaone on X.
$NVDA : MELIUS RESEARCH CUTS TARGET PRICE TO $315 FROM $420
@DeItaone on X
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Walter Bloomberg (@DeItaone) reports that Melius Research has cut its price target on Nvidia ($NVDA) to $315 from $420, a 25% reduction. The move comes from Melius Research, a Wall Street research firm known for its coverage of AI and semiconductor names. The downgrade of the target follows a period of intense scrutiny of AI infrastructure spending, with investors increasingly focused on whether hyperscaler capex can sustain the growth embedded in chipmaker valuations. The new target still implies upside from NVDA's recent trading range, but the size of the cut signals analysts are trimming expectations for the AI trade broadly. Watch for whether other sell-side firms follow with similar target reductions and for any comment from Melius on the specific rationale behind the move.
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NVIDIA (NVDA), Melius Research
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