NVIDIA shares saw a significant uptick after Loop Capital raised its price target to a new Wall Street high of $350, implying a massive $8.5 trillion valuation for the company. Analyst Ananda Baruah cited expectations of a major surge in GPU shipments over the next 12 to 15 months, bolstered by the company's GB200 NVL72 racks, as the key driver for the increased target. This move reflects a broader bullish sentiment, as Rosenblatt Securities also boosted its price target for NVIDIA to $240. The positive analyst coverage prompted a 2% rise in NVIDIA's stock during premarket trading on November 3, 2025. The optimism follows recent Nvidia announcements highlighting a strong sales pipeline for its Grace Blackwell and Vera Rubin GPU lines through 2026.