Latest news with #InternationalSupplyChainExpo
Economic Times
3 days ago
- Business
- Economic Times
Wall Street veterans and analysts set bold new price for Nvidia — is it headed for another record run?
Nvidia's stock is surging, prompting analysts to raise price targets, with Citi setting the bar at $190. Fueling this growth is the booming AI chip market, projected to reach $563 billion by 2028, driven by government investments. CEO Jensen Huang is visiting China amidst trade tensions, advocating for continued AI sales to maintain US leadership. Tired of too many ads? Remove Ads Nvidia's New Price Target: $175 and Rising More Analysts Are On Board Tired of too many ads? Remove Ads Nvidia CEO Jensen Huang Heads to China Huang's Stance on China and AI Tired of too many ads? Remove Ads FAQs Nvidia recently hit a $4 trillion market cap, and one of Wall Street's veteran analysts highlighted that the company's rise might be far from over and even set a bold new price for Nvidia's stock, as per a AI chipmaker has already watched its stock surge almost 22% in 2025, and now the price targets keep going up as an experienced trader and contributor to TheStreet Pro, Stephen Guilfoyle, recently increased his Nvidia price target to $175, following his previous $165 estimate that was rapidly achieved, according to The Street wrote in The Street Pro's column, saying that his $165 target price has essentially been met and will likely be surpassed this week, as per the READ: What is the Voting Rights Act, the 1965 law that changed America — and why it's back in the spotlight now He's not alone in doubling down on Nvidia's July 10, Goldman Sachs' James Schneider initiated coverage of Nvidia with a buy rating and price target of $185 for Nvidia stock, according to The Street report. He said that the AI investment cycle is in transition but can sustain growth from current levels, as per the reportOnly a few days before that, on July 7, Citi analyst Atif Malik increased the price target for Nvidia to $190, from an earlier $180, according to The Street report. Malik attributed the growth to Nvidia's overall addressable market for AI chips, now projected to be $563 billion by 2028, as per the report. That's a 13% increase from Citi's earlier projection, driven partly by increasing demand by governments building national AI infrastructure, as reported by The READ: Are you 65 or older? You could get a $6,000 bonus tax deduction under Trump's new law Meanwhile, CEO Jensen Huang is set to visit Beijing, where he will be meeting with high-ranking Chinese officials, including the nation's commerce minister, according to a Bloomberg report. He will be attending the International Supply Chain Expo, a key event organized by the Chinese government from July 16 through July 20, as per the visit is at a sensitive moment, as the United States and China have set an August 12 deadline to agree on settling trade frictions that would add new tariffs, some of which were initially imposed at over 100%, as reported by The Street. Without an agreement, US president Donald Trump might restore more import restrictions that were initially imposed during the April and May tariff talks, as per a Reuters wrote in his recent column, "How Huang comes out of this meeting will be key," as quoted in The Street report. He added, "So will be what comes of the continued negotiations between Washington and Beijing that come with their August 12 deadline of their own," as quoted by The Nvidia CEO has long resisted US limits on chip sales to China and has accused the controls of being a "failure," claiming they're damaging American business more than they're hurting China, as per the report. He's also cautioned lawmakers that China is rapidly advancing in AI and may soon narrow the gap with the United States, according to The Street earlier remarks, Huang had highlighted that selling AI technology to China is necessary if the US is to maintain its status as a world leader in AI, as per the report. He noted that Nvidia has been in China for 30 years and has extensive experience with computing as well as the Chinese market, according to The Street of stronger-than-expected demand in AI, especially from governments investing in their own AI infrastructure, as per The Street are rising — $175 from Stephen Guilfoyle, $185 from Goldman Sachs, and $190 from Citi.
Nikkei Asia
5 days ago
- Business
- Nikkei Asia
Samsung trial, Singapore data center IPO, Japan election
Welcome to Your Week in Asia. China's role in the global economy will be in the spotlight this week, with trade data for the first half of 2025 -- capturing the impact of much higher U.S. tariffs -- set to be published and the International Supply Chain Expo taking place in Beijing. In Japan, Tokyo's relations with Washington will be in focus at the weekend, when one of the U.S.'s main trade negotiators visits the country and voters head to the polls to cast their ballots in an election in which Prime Minister Shigeru Ishiba's handling of negotiations has emerged as a significant issue. Get the best of our coverage of Asia and much more by following us on X, where our handle is @NikkeiAsia. We are also now on Bluesky, with the handle @ MONDAY Albanese's China visit Australian Prime Minister Anthony Albanese continues a visit to China that began Saturday and runs through Friday. He is expected to meet with Chinese President Xi Jinping to discuss potential cooperation on artificial intelligence, an area his government has flagged as possibly presenting national security risks. Ties, which were strained under Australia's previous coalition government, have improved since Albanese was elected in 2022, but bilateral relations remain a balancing act given China's economic importance and Canberra's security alignment with Washington. China trade data China will release a string of key economic indicators this week, starting with June trade data on Monday and second-quarter gross domestic product on Tuesday. Trade data is widely expected to show a further decline in shipments to the U.S. after June's bilateral talks fixed a 55% levy on Chinese imports. Overall annual export growth may still see a slight uptick as more Chinese companies divert goods to ASEAN and other regions. Prabowo's France trip Indonesian President Prabowo Subianto will visit Paris after receiving an invitation from French President Emmanuel Macron to attend Bastille Day celebrations as a guest of honor. The two nations have recently been enhancing cooperation in the defense sector, particularly in the development of strategic weaponry such as Rafale fighter jets and Scorpene submarines. NTT data center REIT initial public offering Singapore is set for its biggest initial public offering in years, with the listing of data center-focused real estate investment trust NTT DC REIT, valued at $773 million. The REIT is backed by Singaporean sovereign wealth fund GIC and Japan's telecommunications and information technology giant NTT Group. This marks the first data center-focused REIT launched by a Japanese company. Data: Singapore second-quarter GDP, India inflation Earnings: Ola Electric Mobility TUESDAY China International Supply Chain Expo The third International Supply Chain Expo kicks off in Beijing, bringing together domestic and global companies across the industry. The five-day event covers such areas as advanced manufacturing, clean energy and smart vehicles. Media outlets have reported that Nvidia CEO Jensen Huang will be attending, though the company has declined to comment on his travel plans. Data: Philippines remittances, India trade WEDNESDAY Monetary policy: Indonesia Data: Malaysia first-half automobile sales THURSDAY Supreme Court verdict on Samsung Electronics chairman South Korea's Supreme Court will hand down its ruling on allegations of fraud against Samsung Electronics Chairman Lee Jae-yong, who has been charged with stock price manipulation and accounting fraud related to the merger of two Samsung affiliates in 2015. The top court is expected to uphold a lower court's acquittal of Lee. Earnings: TSMC, Wipro Data: Japan trade SATURDAY U.S. treasury chief visits Osaka Expo U.S. Treasury Secretary Scott Bessent will visit Japan to attend the World Expo in Osaka as the head of a presidential delegation. In the wake of the U.S. deciding to impose a 25% tariff on Japan, the question of whether Bessent, a key tariff negotiations figure, will hold a minister-level meeting is attracting a lot of attention. SUNDAY Japan's upper house election Japan heads to the polls for the upper house election, in which 125 seats will be up for grabs out of the chamber's total 248 seats. The ruling parties need to win no fewer than 50 seats to keep their majority in the upper house, which will be no easy feat, with the election becoming a referendum on consumption tax cuts as households continue to struggle with the cost of living.
Yahoo
6 days ago
- Business
- Yahoo
Veteran trader and analysts turn heads with new Nvidia stock price targets
Veteran trader and analysts turn heads with new Nvidia stock price targets originally appeared on TheStreet. Jensen Huang has places to go and people to meet. The co-founder and CEO of Nvidia () is heading to Beijing, where he will meet with senior Chinese officials, including the commerce minister, at the International Supply Chain Expo, Bloomberg reported, 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰 The conference, which runs July 16-20, is one of the Chinese government's signature events. It has featured such tech superstars as Apple CEO Tim Cook. The AI-chip superpower's market cap has been on a roll touching $4 trillion on July 9. "How Huang comes out of this meeting will be key," TheStreet Pro's Stephen Guilfoyle said in a recent column. "So will be what comes of the continued negotiations between Washington and Beijing that come with their August 12 deadline of their own." China, initially singled out with tariffs exceeding 100%, has until that date to reach an agreement with the White House to keep President Donald Trump from reinstating additional import curbs he'd imposed during tit-for-tat tariff exchanges in April and May, Reuters reported. Huang has consistently argued against US restrictions on the sale of advanced semiconductors to China, citing the strategic and economic importance of accessing the world's largest semiconductor market. In May, for example, Huang said that U.S. chip export controls are a 'failure' and warned that the restrictions are doing more damage to American business than to China. More Nvidia: Analysts revamp forecast for Nvidia-backed AI stock Nvidia stock could surge after surprising Taiwan Semi news Nvidia CEO sends blunt 7-word message on quantum computing Huang told lawmakers in Washington in April that China was quickly gaining ground on the U.S. in artificial intelligence. 'China is right behind us,' Huang said. 'We are very close. Remember this is a long-term, infinite race.' He pointed to the Chinese tech company Huawei, which reportedly is developing its own advanced chip to rival Nvidia. 'They're incredible in computing and network technology, all these essential capabilities to advance AI,' Huang said. 'They have made enormous progress in the last several years.' And he told CNBC's Jim Cramer that it's necessary to export his company's artificial intelligence technology to China, saying trade with the country was vital if the U.S. wanted to be a global leader in AI. 'We want every developer in the world to prefer the American technology stacks,' Huang said. Once that happens, he said, 'American technology stacks will run AI the best all over the world.' Huang told Cramer that 'we understand the technology best, and we understand how computing works.' 'We understand how AI works, and we've been in China for 30 years, and so this is an area that we have a lot of, a lot of expertise, and we're going to continue to share that," he said. Separately, Chinese firms are looking to install more than 115,000 Nvidia AI chips in about three-dozen data centers across the country's western deserts, Bloomberg reported. Operators in Xinjiang intend to house most of those processors in a single compound. While the complex would still be dwarfed by the scale of AI infrastructure in the US, it would significantly boost China's computing power. Chinese AI labs intend to deploy Nvidia's flagship H100 and H200 GPUs, which are sourced primarily from third-party shares are up nearly 22% this year and up 21% from this time in 2024. TheStreet Pro's Guilfoyle, whose career dates back to the floor of the New York Stock Exchange in the 1980s, told readers that his $165 target price has essentially been met and will likely be surpassed this week. He boosted his target to $175. Goldman Sachs analyst James Schneider kicked off coverage of Nvidia on July 10 with a buy rating and $185 price target, according to The Fly. The analyst initiated the U.S. digital semiconductor and electronic design automation software group, saying the investment firm is most constructive on merchant silicon and electronic design automation vendors tied to AI-related capital spending. The AI-investment cycle is in transition but can sustain growth from current levels, Schneider said. On July 7, Citi analyst Atif Malik boosted the firm's price target on Nvidia to $190 from $180 and maintained a buy rating on the shares. The analyst cited the company's expanded total addressable market in AI for the target-price increase. Citi said that it now assumed the addressable market in 2028 for data-center semiconductors in AI to reach $563 billion, 13% above its prior expectation of $500 billion. The increase is attributable in part to higher-than-expected sovereign AI demand, Malik said, referring to nations' increasing need to develop and control their own artificial intelligence capabilitiesVeteran trader and analysts turn heads with new Nvidia stock price targets first appeared on TheStreet on Jul 10, 2025 This story was originally reported by TheStreet on Jul 10, 2025, where it first appeared. Sign in to access your portfolio
The Hill
6 days ago
- Business
- The Hill
Nvidia CEO China trip alarms senators
The Big Story Sens. Elizabeth Warren (D-Mass.) and Jim Banks (R-Ind.) pressed Nvidia CEO Jensen Huang about his upcoming trip to China, voicing concerns that the visit could legitimize companies working closely with the Chinese military or seeking to take advantage of gaps in U.S. export controls. © Sarah Meyssonnier/Pool via AP The bipartisan senators urged Huang on Friday to refrain from meeting with companies doing business with the country's military or intelligence, in addition to those that face U.S. export restrictions or are suspected of trying to evade U.S. curbs. 'There is a new bipartisan consensus that the hardware powering advanced AI, which includes NVIDIA graphics processing units (GPUs), is of immense strategic importance,' the pair wrote in Friday's letter. 'If exported freely to the [People's Republic of China], this hardware could accelerate the PRC's efforts to modernize its military,' they continued. Nvidia produces chips that have become central to powering the artificial intelligence (AI) boom. However, some of its most advanced chips are subject to U.S. export controls. Huang is expected to travel to Beijing next week to meet with top Chinese leaders while at the International Supply Chain Expo, according to The Financial Times. The trip comes as Nvidia reportedly plans to release a new chip for China designed to comply with the U.S. restrictions. 'We hope you agree that it would be deeply irresponsible for an American CEO to meet with companies that violate U.S. law and are actively developing military capabilities that could undermine U.S. national security,' Warren and Banks added. 'We ask that you refrain from any such meetings during your upcoming trip.' The duo this spring urged further review of Nvidia's plans to open a research facility in Shanghai, citing national and economic security worries. The Nvidia CEO was spotted by reporters at the White House on Thursday, the same day the company became the first to close with a market capitalization above $4 trillion. The chipmaker briefly crossed the milestone Wednesday morning, before dipping back down below $4 trillion. The company, which first hit the $1 trillion mark just two years ago, has seen a remarkable rise in recent years fueled by the AI craze. Welcome to The Hill's Technology newsletter, I'm Julia Shapero — tracking the latest moves from Capitol Hill to Silicon Valley. Did someone forward you this newsletter? Subscribe here. Essential Reads How policy will be impacting the tech sector now and in the future: France opens criminal probe into X algorithms under Musk A French prosecutor has opened a criminal investigation into social platform X and its owner, Elon Musk, on accusations of 'creating bias in France's democratic debate.' The investigation comes after Musk's artificial intelligence (AI) company, xAi, deleted multiple posts from its chatbot Grok that included antisemitic comments. Among them, Grok called itself 'MechaHitler' and insinuated that the Jewish people were … Stefanik hits back at Dem's 'sexist' deepfake ad Rep. Elise Stefanik (R-N.Y.) on Friday hit back at a Democratic candidate running for her seat in Congress, who released an artificial intelligence (AI) generated ad taking aim at the congresswoman's widely expected bid for New York governor. Stefanik slammed the deepfake ad as 'blatantly sexist' and 'deeply offensive to North Country voters,' criticizing New York Gov. Kathy Hochul (D) and New York state Democratic … T-Mobile scraps DEI while awaiting deal approvals from FCC (NewsNation) — T-Mobile says it will eliminate its diversity, equity and inclusion (DEI) programs as it awaits regulatory approval from the Federal Communications Commission (FCC) for two acquisition deals. In a letter to the FCC, the wireless carrier said it would end its DEI policies 'not just in name, but in substance.' 'T-Mobile will no longer have any individual roles or teams focused on … The Refresh News we've flagged from the intersection of tech and other topics: Crypto Corner Democrats double down on crypto corruption concerns © Greg Nash Welcome to Crypto Corner, a daily feature focused on digital currency and its outlook in Washington. Key House Democrats are doubling down on their concerns about crypto corruption, as the lower chamber prepares to take up key digital asset legislation next week. Reps. Maxine Waters (D-Calif.), the top Democrat on the House Financial Services Committee, and Stephen Lynch (D-Mass.), ranking member of the panel's digital assets subcommittee, said Friday that they will be leading Democrats in opposition to the crypto bills. In contrast to what Republicans are calling 'crypto week,' the pair announced that they will be referring to it as 'anti-crypto corruption week.' 'Republicans are sending a clear message to the American people that they are unwilling to stand up to the crypto lobby, and even more disturbingly, that they are too cowardly to stand up to the President,' Waters said in a statement. 'Well, Democrats are not afraid, and will spend this week reminding the public of the true cost of this corruption,' she continued. The House is set to take up three crypto bills next week — the Digital Asset Market Clarity Act, the GENIUS Act and the Anti-CBDC Surveillance State Act. The Digital Asset Market Clarity Act aims to split up oversight of the crypto industry between the Securities and Exchange Commission and the Commodity Futures Trading Commission. The GENIUS Act, which passed out of the Senate last month, would create a regulatory framework for stablecoins. And the Anti-CBDC Surveillance State Act seeks to bar the Federal Reserve from issuing a central bank digital currency. Plus: Bitcoin reached a new all-time on Friday, crossing $118,000 for the first time. In Other News Branch out with other reads on The Hill: Former Trump NASA nominee open to running for Congress President Trump's former nominee to lead NASA, Jared Isaacman, said he'd be open to launching a congressional campaign after his nomination to join the second Trump administration was withdrawn. The billionaire said he'd run as a Republican and that he'd consider serving under Trump in a different capacity — or under another Republican president in the future. 'I don't think my story in politics is over,' … What Others are Reading Two key stories on The Hill right now: New poll delivers troubling signs for Democrats The Democratic Party's credibility with voters has plummeted even further since the 2024 election, raising alarm bells as the party looks to … Read more GOP senators question Hegseth's leadership after weapons 'goof-up' Republican senators say reports that Defense Secretary Pete Hegseth froze weapons shipments to Ukraine without getting approval from President Trump … Read more You're all caught up. See you next week! Thank you for signing up! Subscribe to more newsletters here
The Hill
6 days ago
- Business
- The Hill
Bipartisan senators press Nvidia CEO over China trip
Sens. Elizabeth Warren (D-Mass.) and Jim Banks (R-Ind.) pressed Nvidia CEO Jensen Huang on Friday about his upcoming trip to China, voicing concerns that the visit could legitimize companies working closely with the Chinese military or seeking to take advantage of gaps in U.S. export controls. The bipartisan senators urged Huang to refrain from meeting with companies doing business with the country's military or intelligence, in addition to those that face U.S. export restrictions or are suspected of trying to evade U.S. curbs. 'There is a new bipartisan consensus that the hardware powering advanced AI, which includes NVIDIA graphics processing units (GPUs), is of immense strategic importance,' the pair wrote in Friday's letter. 'If exported freely to the [People's Republic of China], this hardware could accelerate the PRC's efforts to modernize its military,' they continued. Nvidia produces chips that have become central to powering the AI boom. However, some of its most advanced chips are subject to U.S. export controls. Huang is expected to travel to Beijing next week to meet with top Chinese leaders while at the International Supply Chain Expo, according to The Financial Times. The trip comes as Nvidia reportedly plans to release a new chip for China designed to comply with the U.S. restrictions. 'We hope you agree that it would be deeply irresponsible for an American CEO to meet with companies that violate U.S. law and are actively developing military capabilities that could undermine U.S. national security,' Warren and Banks added. 'We ask that you refrain from any such meetings during your upcoming trip.' The duo this spring urged further review of Nvidia's plans to open a research facility in Shanghai, citing national and economic security worries. The Nvidia CEO was spotted by reporters at the White House on Thursday, the same day the company became the first to close with a market capitalization above $4 trillion. The chipmaker briefly crossed the milestone Wednesday morning, before dipping back down below $4 trillion. The company, which first hit the $1 trillion mark just two years ago, has seen a remarkable rise in recent years fueled by the AI craze.
