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BlockBeats News, May 21st, following Nvidia's Q1 earnings report this morning, several investment banks have raised their price targets. Among them: Baird raised its target from $300 to $500, Bank of America from $320 to $350, Benchmark from $250 to $335, Jefferies from $275 to $300, JPMorgan from $265 to $280. The current price of NVDA is around $223. This target price increase reflects analysts' strong confidence in AI chip demand, the Blackwell platform, and data center growth, with the average target price implying a further upside of around 30%.

Golden Ten Data reported on May 21 that last week, the number of Americans applying for unemployment benefits decreased, indicating a certain resilience in the labor market and providing the Federal Reserve with room to focus on addressing rising inflation. Data shows that for the week ending May 16, the number of initial unemployment claims decreased by 3,000, seasonally adjusted to 209,000. Although economists expect unemployment claims to increase during the summer (due to seasonal factors), the labor market currently remains stagnant. Financial markets currently expect the Federal Reserve to keep its benchmark overnight interest rate within the 3.50% to 3.75% range until next year.

ChainCatcher news, according to Businesswire, US-listed Bitcoin treasury company DDC Enterprise Limited announced it has increased its holdings by 200 Bitcoins, bringing its total holdings to 2,583 Bitcoins. The average purchase price for this transaction was approximately $79,496 per Bitcoin. The company stated that this increase was made without issuing new shares, and without diluting equity, the Bitcoin holding per 1,000 shares rose by 8.4% to 0.0543 BTC. Since the beginning of the year, BTC returns have reached 36.6%. The current size of its holdings ranks it among the top 30 publicly listed companies globally in terms of Bitcoin holdings.