By TipRanks
Publication Date: 2026-04-04 10:09:00
On Thursday, Nvidia stock (NVDA) received a major vote of confidence from analyst Fang Boon Foo from DBS. Holding a prestigious 5-star analyst rating, Foo is known for his accurate forecasts in the tech sector. In his latest update, he reiterated his Buy rating and raised his price target for Nvidia to $220, up from his previous forecast of $180. In his report from Thursday, April 2, Foo highlighted that the company is currently benefiting from a “strong AI-led growth cycle.”
The reason for the raised target sits with Nvidia’s massive lead in the infrastructure space. As companies around the globe race to build their own AI models, they are turning to Nvidia’s chips to provide the necessary horsepower.
Foo noted in the report that the company’s “datacenter segment remains the primary engine” for its financial success. He explained that because Nvidia provides the essential building blocks for the next generation of computing, it is capturing the majority of the spending in the global server market. The analyst believes this specialized hardware makes the company “well-positioned to capture the expanding TAM” as more industries adopt automated intelligence.
One of the most striking parts of the report is just how fast the company is growing. Foo stated that “demand for its Hopper and Blackwell AI-chips likely to outstrip supply well in FY2026.” This means that even as Nvidia ramps up production, they simply cannot build chips…
