JPMorgan cuts Nvidia price target to $215 from $320

The significance here is the clustering, not any single cut: JPMorgan joins BofA, Evercore ISI and a second Citi reduction, which points to a coordinated recalibration of how the Street frames Nvidia's valuation rather than one analyst's view. That matters for anyone using sell-side targets as a reference point across AI-linked chip exposure. What's worth watching is whether this wave of reassessment broadens to other chip names or stays confined to Nvidia, and whether the targets stabilize after Citi's repeated cuts or keep stepping lower.