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David Crowther

Even after the DeepSeek and AI meltdowns, Wall Street's still sticking with its lofty Nvidia price targets

It might only be March 17, but for Nvidia investors, the year so far might have felt like a lifetime.

Everything happens so much

First came the DeepSeek freak-out, a violent sell-off sparked by a Chinese AI model that was reportedly trained for a fraction of the cost of its Western rivals. Then came tariffs, an ongoing growth slowdown scare, and a sharp reversal in the fortunes of momentum stocks — almost all of which were heavily associated with an AI trade predicated on a continued “capex orgy” as Big Tech companies plan data centers the size of large cities.

So, given all that’s happened this year, how have Wall Street analysts changed their views on Nvidia? Well... they haven’t really. At least not in the aggregate.

Data from FactSet reveals that the average (mean) price target for Nvidia at the end of last year, before any of those headlines hit the tape, was $173.81. Today it’s $174.79, or 0.6% higher.

Nvidia Price Targets
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It’s plausible, if a little embarrassing, that some analysts simply haven’t gotten around to rerunning the numbers in the wake of this latest sell-off. But clearly many of the analysts — and there are nearly 70 of them in total — believe that the fundamental equity story remains unchanged for Wall Street’s most-watched stock, even as the world around it shifts. At the company’s full-year results, Nvidia beat on both the top and bottom lines, though, with the rollout of its Blackwell GPUs progressing steadily, gross margins might compress slightly in the short term.

After a volatile last seven days or so, the next big catalyst for the stock could come quickly, as CEO Jensen Huang takes the stage tomorrow at GTC 2025, Nvidia’s biggest conference of the year. Investors will be on the lookout for mentions of 2026 demand and any updates on its next-gen chip Vera Rubin (named after the astronomer).

Related reading: 73 Wall Street analysts cover Amazon, there are 72 on Meta, and 66 write about Nvidia — how many do we need?

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Luke Kawa

Oracle gains amid report that the TikTok deal is poised to close this week

Oracle is gaining in premarket trading as Semafor reports that China and the US have signed off on the sale of TikTok’s US operations to a consortium in which the software giant is one of the three leading investors.

The transaction is poised to close this week, per the report, citing people familiar with the situation.

In mid-December, Oracle booked a huge gain after the CEO of TikTok owner ByteDance indicated that he’d signed contracts with Oracle and the other major investors leading this consortium, private equity firm Silver Lake and Abu Dhabi-backed tech investment company MGX.

If, as previous reporting suggested, the transaction values TikTok’s US operations at about $14 billion, that would mark a fairly low price tag for a lot of eyeballs and ad dollars. This pact will also afford Oracle’s cloud business an opportunity to deepen its preexisting relationship with TikTok.

markets
J. Edward Moreno

Abbott slumps after reporting sales miss, disappointing Q1 guidance

Abbott Laboratories fell in premarket trading after it reported fourth-quarter sales that missed Wall Street estimates and gave disappointing guidance for the current quarter.

The company said it expects to report first-quarter adjusted earnings per share of between $1.12 and $1.18, below the $1.20 analysts polled by FactSet were expecting. For the full year, it expects to report adjusted earnings per share of $5.55 to $5.80, in line with the $5.67 the Street is penciling in.

Abbott also reported $11.5 billion in sales for the fourth quarter, less than the analyst consensus of $11.8 billion. The sales miss was driven by lower-than-expected sales of its medical devices, its largest segment. Its profits for the quarter hit $1.50 per share, right in line with expectations.

The stock fell more than 5% in premarket trading on Thursday.

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GE Aerospace Jet Engines

GE Aerospace posts better than expected Q4 results and surprisingly strong full-year profit guidance

GE Aerospace had a strong 2025, rising roughly 85% to outpace both the S&P 500 and industry benchmarks.

Matt Phillips1h
markets
Hyunsoo Rim

Goldman hikes year-end gold price forecast to $5,400 per ounce as private investors and central banks compete for the shiny stuff

Goldman Sachs has raised its December 2026 gold price forecast to $5,400 per ounce, up from the previous $4,900 target, citing strong demand from private sector investors using gold as a hedge against global policy risks, according to a note released late Tuesday.

The revised price target reflects a 17% increase from January's month-to-date average price, with continued central bank buying as the biggest driver of the forecast (accounting for 14pp of the expected appreciation), while ETF inflows add another 3pp — supported by an assumed Fed rate cut this year.

Central banks have been on a gold-buying spree since 2022, after the freezing of Russia's foreign reserves, helping push prices up 15% in 2023 and 26% in 2024. But Goldman analysts note that the rally accelerated in 2025 as competition between central banks and private investors for the limited bullion intensified — driving prices up another 67% last year, with recent tensions over Greenland only adding to the momentum.

That private-sector demand now extends well beyond ETF inflows. Goldman says buying is increasingly coming from a new class of investors seeking protection against macro-policy risk and currency "debasement," including purchases from high-net-worth families and call-option buying — flows that are "hard to track" but have become a "significant incremental source of demand."

Goldman assumes these macro-related "sticky" hedges will persist through 2026 — unlike those tied to the 2024 US election, which unwound quickly once the outcome was clear.

markets
Claire Yubin Oh

Alibaba jumps on report of a potential IPO for its AI chipmaking division

Alibaba ADRs are up 5% in premarket trading on Thursday after Bloomberg reported that the cloud and e-commerce giant is preparing to list its chipmaking division, looking to capitalize on strong investor interest in AI.

Citing people familiar with the matter, Bloomberg wrote that the Chinese tech giant is looking to first restructure the unit, known as T-Head, into a partially employee-owned business before exploring an IPO, though the specific timing for this process remains uncertain.

Though Alibaba’s IPO plans are still at an early stage, with T-Head’s valuation expectations still unclear, recent debuts by rival Chinese chipmakers like Moore Threads Technology have attracted strong interest from investors, jumping over 400% on its first day after raising $1.13 billion.

Alibaba has also been investing aggressively into AI in the past year, committing more than $53 billion to develop its cloud and AI infrastructure. Last week, the company upgraded Qwen — its flagship AI app — to function more like an agentic chatbot able to place orders for food, book travel, and execute other tasks, as the company pushes further into consumer-facing AI.

Alibaba Is Said to Plan IPO for AI Chipmaking Unit T-Head

Alibaba Is Said to Plan IPO for AI Chipmaking Unit T-Head

Though Alibaba’s IPO plans are still at an early stage, with T-Head’s valuation expectations still unclear, recent debuts by rival Chinese chipmakers like Moore Threads Technology have attracted strong interest from investors, jumping over 400% on its first day after raising $1.13 billion.

Alibaba has also been investing aggressively into AI in the past year, committing more than $53 billion to develop its cloud and AI infrastructure. Last week, the company upgraded Qwen — its flagship AI app — to function more like an agentic chatbot able to place orders for food, book travel, and execute other tasks, as the company pushes further into consumer-facing AI.

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