Shares were sliding as part of a broader selloff, with investors on edge ahead of the July 9 deadline for U.S. tariff deals.

Even at record highs, Nvidia’s stock may not be as expensive as it is touted to be. Some valuation metrics suggest room for upside

Nvidia stock trades at $163.87 as of July 10, 2025, reaching a record $4 trillion market cap amid surging AI demand.

A Citi analyst sees Nvidia’s stock rising another 20% as the AI opportunity swells further, but he notes the risk of potential new geopolitical restrictions ahead.

HSBC senior analyst Frank Lee says AMD is catching up to Nvidia. However, AMD stock only offers performance, but lacks ecosystem.

Advanced Micro Devices (AMD) was upgraded to Buy from Hold by HSBC and raised its price target to $200, highlighting the chipmaker's opportunity as an Nvidia (NVDA) rival. HPE (HPE) stock gains after Barclays lifted its price target for the stock,

Nvidia reached the $1 trillion mark on May 30, 2023, and the stock skyrocketed 239% for the year. Then in 2024, growth continued as Nvidia hit the $2 trillion mark on Feb. 23, 2024, and the $3 trillion mark less than four months later on June 5, 2024. For the full year, Nvidia stock rose 171% in 2024.

Dan Ives has raised his price target for Palantir Technologies, signaling a 12% upside from its trading price over the next 12 months.

Despite the upbeat outlook from HSBC, Goldman Sachs entered with a neutral rating and a $140 price objective in its own initiation report. Goldman noted that while AMD's AI pipeline is promising, valuation concerns remain given the broader semiconductor cycle.

In a note published before the market opened today, HSBC upgraded its rating on AMD stock from hold to buy. The firm also raised its one-year price target on the stock from $100 per share to $200 per share. As of this writing, HSBC's new price target suggests additional upside of roughly 39%.

NVIDIA Corporation (NASDAQ:NVDA) is one of the Top 10 AI Stocks in the Spotlight. On July 7, Citi reiterated the stock as “Buy” and raised its price target on the stock to $190 per share from