DBS Bank raises Nvidia's price target to $220, citing strong demand for Hopper and Blackwell AI chips expected to outpace supply through fiscal 2026.

DBS Bank upgraded Nvidia's stock price target to $220, signaling analyst confidence in the company's AI chip business

Hopper and Blackwell chip demand is projected to exceed available supply well into fiscal year 2026

The bullish forecast reflects continued strength in AI infrastructure demand and Nvidia's competitive position in the AI chip market