Nvidia (NASDAQ: NVDA) stock currently trades for around $155. However, Loop Capital just gave Nvidia a new price target of $250 per share. That indicates around 60% upside from today's price, but the implications of a $250-per-share stock are far greater.

Nvidia owns a 7% stake in CoreWeave, and made it possible for the young company to be the first to launch its latest GPUs. In February, CoreWeave became the first hyperscaler to make Nvidia's new Blackwell architecture broadly available -- and it just did the same recently with the latest iteration, Blackwell Ultra.

Shares in Asia are mixed after an update on inflation pulled most U.S. stocks lower, though gains for Nvidia pushed the Nasdaq to another record.

The first two factors caused Nvidia stock to fall 9.8% last week, although the overall market also had a very bad week, with the S&P 500 and Nasdaq indexes down 3.1% and 3.5%, respectively.

If Palantir Technologies (NASDAQ: PLTR) and Nvidia (NASDAQ: NVDA) were in the stock equivalent of a boxing match, we'd have a technical knockout so far this year. Palantir has crushed Nvidia, with its shares skyrocketing close to 70%, while Nvidia's stock is up by only a single-digit percentage.

Nvidia said it has filed applications to resume selling H20 GPUs in China and has received assurances that licenses will be granted.

Nvidia (NASDAQ: NVDA) has been on a monster run since the start of 2023, but so has peer AMD (NASDAQ: AMD). While AMD is up a respectable 140% since 2023 began, Nvidia has dwarfed its run by ...