J.P. Morgan reaffirmed its bullish stance on Nvidia, raising its target price to $215 despite softer guidance. Nvidia posted record Q2 revenue of $46.7 billion and net income of $26.4 billion, driven by AI and networking demand. Risks persist, but analysts see strong multi-year growth potential in AI infrastructure.
Credit card issuance hits strongest pace in more than two years
The additions were led, once again, by the country’s largest issuers. HDFC Bank topped the list, adding 163,000 net new credit cards and edging past