On October 15 (Wednesday), HSBC upgraded its rating on Nvidia (NVDA.O) shares to a "Buy" recommendation. The bank substantially increased its target price for the stock from $200 to $320, marking the highest projection on Wall Street. This adjustment is based on the expectation of continued growth in chip demand, propelled by advancements in artificial intelligence technology. The new target price suggests that Nvidia's stock still possesses an upside potential of nearly 80%. If this projection materializes, the company's market capitalization could reach close to $8 trillion. HSBC analyst Frank Lee mentioned that he anticipates the potential market for AI GPUs to extend beyond hyperscale clients. This expansion is expected to fuel sustained earnings growth and offer significant upside potential for earnings in the fiscal year 2027. Furthermore, HSBC maintained its "Buy" rating on AMD (AMD.O), increasing its target price from $185 to $310, which also stands as the highest on Wall Street.