Wells Fargo sees Nvidia stock rising over 40% driven by AI

Wells Fargo has issued a bullish outlook for Nvidia, raising its price target to $315 per share, which suggests a 44% upside. The bank argues that Wall Street is currently underestimating the durability of AI-driven demand, viewing Nvidia's revenue as a long-term structural trend rather than a cyclical phase. Analysts project that AI infrastructure spending could exceed $1 trillion by 2027, with Nvidia remaining the primary beneficiary through its Blackwell chips and upcoming architectures. The price target is anchored in a 21x earnings multiple applied to projected 2028 earnings, positioning the stock as a compelling value for investors who believe in the continued expansion of the AI sector.

(Source：Crypto Briefing)