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Wells Fargo holds $315 Nvidia target as $500 billion AI financing deal expands chipmaker's role

8/11/2026

A new AI infrastructure financing arrangement valued at over $500 billion has moved Wells Fargo to reiterate an Overweight rating on Nvidia Corp. (NVDA), with a price target of $315.

The firm said the deal signals Nvidia's shift toward a broader function in the AI buildout. Partners in the arrangement include Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs (GS), and KKR.

Wells Fargo's Overweight call and $315 target Wells Fargo maintained its Overweight rating and $315 price target on Nvidia after reviewing the partnership.

The firm pointed to the arrangement as evidence that Nvidia is taking on a structurally different role.