Chip designer NVIDIA Corporation is losing its GPU pricing power, according to a fresh note from investment bank HSBC. The note cuts NVIDIA's share price target to $120 from $175 and downgrades the shares to Hold from Buy. NVIDIA's GPU prices, driven by the firm's considerable technological advantages, short supply and high manufacturing costs, have set the narrative around its products and share price. They were at the heart of January's DeepSeek selloff, which wiped off close to $600 billion from the firm's market value as investors wondered whether the GPUs would be in high demand after purported efficiency demonstrations […]