Nvidia faces a Wall Street split after analysts cut upside targets by as much as 60%

Nvidia shares came under fresh scrutiny after reports that two major investment banks delivered sharply different takes on the AI chipmaker’s outlook, including one downgrade that described an upside target reduction of roughly 60%. The divergence, as reported in market coverage, highlights the degree to which forward-looking assumptions about demand, pricing, and competitive pressure have become hard to reconcile in the current AI supply cycle.

The market discussion centers on analyst target setting, a shorthand for expectations about future share performance. In this case, the reports describe one institution moving toward a significantly more conservative view by cutting its target by about 60%, while another bank pointed toward a different path for Nvidia’s growth and profitability.

While the coverage frames the gap as a “Wall Street split,” it does not, in the material available here, provide detailed attribution of the specific banks, the new numerical targets, or the underlying model inputs. It also does not specify whether the change was driven more by estimates for data center revenue, gross margins, customer digestion of new products, or a reassessment of how quickly AI spending will translate into chip revenue.

What is clearer from the reporting premise is that analysts are still wrestling with the timing and durability of Nvidia’s AI momentum. For investors, even modest changes in assumptions can produce large differences in target prices because expectations for leading AI semiconductor companies are often built on extended growth forecasts and tight links between new platform releases and near-term revenue ramp.