Nvidia's "biggest short positions" capitulate, having previously warned that the stock price would fall by 48%.

Jin10 data reported on September 13, the investment bank D.A. Davidson upgraded Nvidia (NVDA.O) from “neutral” to “buy,” while analyst Gil Luria raised the target price from $195 to $210. Luria pointed out that the rise in AI Computing Power demand is a strong catalyst that could support Nvidia's growth over the next year and beyond. “Our increasingly optimistic expectations for the growth of AI Computing Power have surpassed previous concerns regarding Nvidia. We believe AI will change work patterns through the workforce itself rather than just the IT technology stack, which means that even before enterprise customers see a return on investment, the demand for Computing Power will continue to climb.” Although Nvidia still faces many pressures, Luria stated, “the overwhelming demand for Computing Power” is ultimately the “only important factor.” D.A. Davidson analysts warned in March that Nvidia's stock price could drop by as much as 48%.