JPMorgan Maintains Overweight Rating on NVIDIA, Sets Price Target at $320

JPMorgan maintains an 'overweight' rating on NVIDIA with a price target of $320, citing that supply constraints, rather than weak demand, are the primary factor limiting the company's growth. Following a meeting with NVIDIA's investor relations team, analyst Harlan Sur noted that management believes business could potentially double year-over-year if supply issues are resolved. While NVIDIA projects approximately 70% growth for fiscal year 2028, Sur suggests the actual potential may be higher based on current customer demand. The company provided this outlo