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 Nvidia initiates its post-stock-split phase with a series of price-target increases.

Following its 10-for-1 stock split, AI chipmaker Nvidia (NVDA) commenced trading on Monday and experienced price-target hikes from three Wall Street analysts. As a result, Nvidia's stock saw an increase.

Barclays, Susquehanna, and TD Cowen raised their price targets on the leading graphics-chip company. Barclays analyst Tom O'Malley adjusted his price target for Nvidia stock to 145 from a split-adjusted 120, maintaining an overweight, or buy, rating.

O'Malley cited Nvidia's potential for increased sales from sovereign nations purchasing its AI chips, predicting a notable acceleration in this market segment next year.

On the stock market, Nvidia's stock rose by 0.8%, closing at 121.79.

Expecting no disruption in sales, Susquehanna Financial Group analyst Christopher Rolland raised his price target on Nvidia stock to 145 from 120, adjusted for the split, while maintaining a positive rating on the shares. Rolland noted smooth progress in the transition to Nvidia's B100 AI processors for data centers in the latter part of 2024, based on supply-chain assessments.

Addressing concerns regarding a potential sales downturn during the shift from Hopper series GPUs to the next-gen Blackwell series, Rolland highlighted reassuring findings from supply chain inquiries, easing apprehensions about a disruptive transition.

Meanwhile, TD Cowen analyst Matthew Ramsay upheld his buy rating on Nvidia stock and raised his price target to 140 from 120, affirming Nvidia's leadership in accelerated computing.

On a different note, Nvidia's competitor Advanced Micro Devices (AMD) experienced a decline in shares following a downgrade in stock ratings by Morgan Stanley analyst Joseph Moore. Despite maintaining the price target at 176, Moore lowered the rating on AMD stock from overweight to equal weight. This resulted in a 4.5% drop in AMD stock, closing at 160.34 on Monday.

Moore expressed reservations about investor expectations for AMD's AI business, which he deemed overly optimistic. He suggested limited potential for upward revisions in AI expectations.

Both Nvidia and AMD stocks feature on IBD's Leaderboard, with Nvidia additionally listed on IBD 50, Big Cap 20, Sector Leaders,  and Tech Leaders.