Wall Street sets Nvidia stock price target for next 12 months

Taiwan's Ministry of Finance reported April exports down 28% month over month, a data point that could have signaled cooling semiconductor demand. UBS nevertheless said it still sees further upside for Nvidia (NASDAQ: NVDA), pointing to continued positive analyst conviction despite the softer export read-through.

Analysis

Taiwan's Ministry of Finance reported April exports down 28% month over month, a data point that could have signaled cooling semiconductor demand. UBS nevertheless said it still sees further upside for Nvidia (NASDAQ: NVDA), pointing to continued positive analyst conviction despite the softer export read-through.