**Nvidia Begins Post-Stock-Split Era with Price-Target Increases**


AI chipmaker Nvidia (NVDA) started trading on Monday following its 10-for-1 stock split, which was met with price-target hikes from three Wall Street analysts. The stock saw an uptick as a result.


Barclays, Susquehanna, and TD Cowen all raised their price targets for the graphics-chip leader.


Barclays analyst Tom O'Malley increased his price target for Nvidia stock from a split-adjusted 120 to 145, reiterating his overweight (buy) rating. O'Malley noted that the hike reflects Nvidia's growing sales opportunities, particularly from sovereign nations purchasing its AI chips. He expects this market to expand significantly next year.


By late afternoon trading on Monday, Nvidia stock had risen 1.1% to 122.18.



**No 'Air Pocket' in Sales Expected**


Similarly, Susquehanna Financial Group analyst Christopher Rolland raised his price target on Nvidia stock to 145 from 120, maintaining his positive rating. Rolland cited supply-chain checks indicating a smooth transition to Nvidia's B100 AI processors for data centers in the latter half of 2024. 


Addressing investor concerns about a potential "air pocket" in sales during the transition from Hopper series graphics processing units to the next-generation Blackwell series GPUs, Rolland expressed confidence in a seamless transition based on broad supply chain discussions and checks.


TD Cowen analyst Matthew Ramsay also maintained his buy rating on Nvidia stock, raising his price target to 140 from 120. Ramsay reiterated his belief in Nvidia's leadership in accelerated computing.



**AMD Stock Downgraded**


Meanwhile, Nvidia's competitor Advanced Micro Devices (AMD) saw its stock decline on Monday following a downgrade in its stock rating. 


Morgan Stanley analyst Joseph Moore downgraded AMD stock to equal weight from overweight, while keeping the price target unchanged at 176. Consequently, AMD stock fell 4.3% to 160.64 in afternoon trading.


Moore mentioned in a client note that while he likes the AMD story, he believes investor expectations for the company's AI business are overly optimistic, limiting potential for upward revisions.


**Nvidia Stock on Multiple IBD Lists**


Nvidia stock, along with AMD stock, is listed on IBD's Leaderboard. Additionally, Nvidia is featured on several other IBD lists, including IBD 50, Big Cap 20, Sector Leaders, and Tech Leaders. It is also one of the Magnificent Seven stocks.