Piper Sandler lifted the price target on NVIDIA Corporation (NASDAQ:NVDA) stock from $150 to $180, reaffirming its Overweight rating on the shares. Harsh Kumar from Piper Sandler raised the price target on the chip maker after Nvidia’s strong quarterly results.

Nvidia shares will be in focus ahead of the AI chipmaker’s highly anticipated earnings report, due after the market close on Wednesday. Monitor these key chart levels.

Founded in 1993 and headquartered in Santa Clara, California, Nvidia (NVDA) is one the world’s leading tech giants. With a market cap of $3.3 trillion, Nvidia’s chips play a significant role in facilitating AI operations and powering supercomputers and data centers.

Nvidia's earnings report is expected to impact the entire stock market. Experts predict a 6% price swing, with traders pondering whether the stock will soar or sink. Analysts anticipate significant revenue and earnings growth,

While many analysts still count Nvidia as a top tech pick, they're also cautious on overhangs related to China restrictions and tariffs.

Nevertheless, Wall Street has clear advice for investors: Among the 71 analysts who follow Nvidia, the stock has a consensus rating of "buy" and a median target price of $160 per share. That implies 22% upside from the current share price of $131. Here's what investors should know about Nvidia.