S&P Upgrades Nvidia to AA at $203 on Explosive AI Demand

On June 11, NVDA traded at $203.00, up 1.29% premarket, after S&P Global Ratings upgraded the company’s credit rating to AA from AA-. The move follows a series of bullish institutional notes that began June 8 at the Computex conference and BofA’s Tech Conference, where analysts highlighted accelerating agentic AI demand and a $170 billion server CPU opportunity by 2030. UBS and Wedbush reinforced Nvidia’s lead through strong Blackwell shipments and tight supply of GB300/B300 systems, while BofA lifted targets for AMD, Arm, and Intel. S&P now projects Nvidia revenue of $394 billion in fiscal 2027 and $544 billion in fiscal 2028, backed by robust free cash flow and an $80 billion buyback.