NVIDIA's Stock Soars to New Heights Amid AI Boom and Analyst Optimism

Nvidia, Meta and Netflix Shares Near All-Time Highs: Where Do They Go From Here? | Investing.com UK

Out of many economic slowdown indicators, packaging demand is insightful. To this end, International Paper (NYSE:IP) confirmed layoffs on Monday affecting hundreds of employees, and the permanent closure of facilities in Missouri, Tennessee, North Carolina and Illinois. Yet, that doesn't mean investors should conflate categories. Companies catering to the digital realm are going strong, with no signs of slowing down. Despite their currently high price levels, here is how investors should look at three major digital tech stocks that recently hit all-time highs with their stock price. On Tuesday, NVIDIA Corporation (NASDAQ:NVDA) stock briefly reached a new all-time high of $144 per share. Year-to-date, NVDA shares are up 200%, continuing the outstanding gains streak after the 10-for-1 stock split in June. On November 20th, the company is scheduled to release its Q3 results for the fiscal year 2025. Throughout the year, Nvidia beat all earnings per share (EPS) estimates, with the last one ending July at 8.33% positive surprise. For the next quarter, 14 analysts expect $0.69 EPS per Zacks Investment Research. Compared to the year-ago quarter's $0.38 EPS, this would be an 81% improvement. This is in line with Nvidia's 168% year-over-year net income increase to $16.6 billion in the last quarter. But is there room for equally rapid growth moving forward? In October's investor presentation, Nvidia posits that "the entire computing stack has been reinvented". Although this upgrade of traditional data centers already poured massive capital inflows, Nvidia is counting on so-called AI Factories to double data center footprint to $2 trillion in the near future. Nvidia gained the first mover advantage here across all computing stacks: data processing, computer vision, science, deep learning, recommender systems, speech AI and agentic & physical AI. Nvidia CEO Jensen Huang reiterated in early October that Blackwell orders are "insane" from both the Big Tech and AI startups, within a price range of $30k to $40k per chip. Although long-term NVDA holders would be wise to realize their gains at this point, this means that more NVDA upside is likely. The current Wall Street consensus on average NVDA price target, twelve months ahead, is $154.86 per share. Last Friday, Bank of America's analyst Vivek Arya raised his target from $165 to $190, which is close to the upper forecast ceiling of $200 per share.

Nvidia Price Levels to Watch as Stock Hits Record High on AI Optimism

Shares of AI investor favorite Nvidia (NVDA) are likely remain to remain the spotlight Tuesday after jumping to a new record high yesterday. The stock has nearly tripled since the start of the year, and most analysts believe there's further upside based on the company's dominance of the AI chip market and insatiable demand for its next-generation Blackwell GPU architecture. Analysts covering the stock tracked by Visible Alpha have a consensus price target on the shares of $154.19, up from $152.41 a week ago and representing 7% upside from Monday's closing price of $143.71. Below, we break down the technicals on Nvidia's weekly chart and identify important price levels that other investors will likely be watching. After reaching a prior peak in mid-June, Nvidia shares traded within a symmetrical triangle before staging a decisive breakout above the pattern earlier this month. It's also worth pointing out, that although trading volume remains below longer-term averages, the stock logged its highest share turnover last week since late September. From a momentum standpoint, the relative strength index (RSI) indicates bullish price action and gives a reading below overbought levels, suggesting the stock has ample room to move higher. Looking ahead, let's forecast a price target for the stock's current uptrend and also locate several important levels on Nvidia's chart that could attract buying interest during retracements. To speculate where the stock's current trend higher may be headed, we can use a bars pattern, a technique that studies earlier trends to forecast future directional moves. When applying the analysis to Nvidia's chart, we'll extract the trend higher from April to June and reposition it from the start of the stock's current move higher in early September. Such a technique indicates a potential upside target of around $180, about 25% above Monday's closing price. We selected this prior trend as it commenced with a gain of around 15% on the weekly chart, similar to how the stock's current move higher started. During periods of weakness, investors should initially keep their eyes peeled on the $125 level, a location on the chart where the shares may encounter support near the symmetrical triangle pattern's breakout area. A breakdown below this level could see the shares decline to around $97. Investors may view this region as a buying opportunity, given its proximity to the March peak and 50-week moving average. Finally, a bearish reversal in the stock may trigger a move down to the $76 level, where bargain hunters would likely look for entry points around the mid-April pullback low. The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more info.

Nvidia Stock Climbs to Fresh High as Analysts Grow More Bullish

Nvidia (NVDA) shares surged Monday to close at a fresh high, just a week after the company set its previous record. The chipmaker's stock price gained more than 4% to finish at $143.71 Monday, and has nearly tripled in value this year as demand boomed for the company's chips to support artificial intelligence (AI). Despite the stock's meteoric rise, most analysts believe the stock still has further to climb. All but one of the 22 analysts covering the stock tracked by Visible Alpha had a "buy" or equivalent rating on the stock as of Monday, with a consensus price target of $154.19, up from $152.41 a week ago and implying over 7% upside from Monday's closing price. Late last week, Bank of America analysts lifted their price target for Nvidia even higher to $190 from $165, calling it a "top AI pick." The analysts pointed to recent comments from Nvidia CEO Jensen Huang, who said that demand for the company's Blackwell AI chips is "insane" in an interview with CNBC earlier this month.

Nvidia Stock Hits All-Time High Ahead Of Big Tech Earnings: What's Going On? - NVIDIA (NASDAQ:NVDA)

Nvidia shares are up over 186% since the start of the year and have increased more than ninefold since the beginning of 2023. Nvidia Inc.'s NVDA shares are hitting new all-time highs on Monday as the stock continues to be a massive beneficiary of increasing AI demand. Here's what you need to know. What To Know: Nvidia shares are up over 186% since the start of the year and have increased more than ninefold since the beginning of 2023, shortly after ChatGPT was launched. On Monday, the stock reached a new all-time high above $142 after it took out its previous highs from June last week. Nvidia has benefited from strong demand for its GPUs, particularly from hyperscalers who are purchasing its chips in massive quantities in an effort to quickly build out data centers with advanced AI capabilities. The company's next-generation Blackwell GPU platform is currently experiencing "insane" demand, according to Nvidia CEO Jensen Huang. Huang said in a CNBC interview earlier this month that Blackwell is in full production and progressing as planned as demand remains off the charts. "Everyone wants to have the most, and everyone wants to be first," Huang said at the time. Investors will get more insight into the ongoing demand for Nvidia chips when some of its biggest customers including Microsoft, Meta, Google and Amazon report earnings over the coming weeks. Nvidia will also report its fiscal third-quarter financial results on Nov. 20. Analysts are currently forecasting earnings of 74 cents per share and revenue of $32.904 billion, according to estimates from Benzinga Pro. See Also: Nvidia Stock Is Up Over 233% In The Past Year And Tech Bulls Say It Could Go Even Higher From Here: '...You'll See The Stock Double Over The Next Several Years' Last week, BofA Securities analyst Vivek Arya maintained a Buy rating on Nvidia and raised the price target from $165 to $190 after boosting earnings projections for 2025 and 2026. The analyst highlighted recent earnings from Taiwan Semiconductor Manufacturing Company Ltd TSM showing that demand for AI remains robust. Despite the positive momentum, the company faces potential challenges from new export restrictions, particularly on advanced AI chips to Persian Gulf countries, which has sparked some volatility in the chip sector in recent weeks. The Biden administration has already placed restrictions on AI chip exports to over 40 countries across the Middle East, Africa and Asia in an effort to stop the technology from potentially reaching China. What Else: Nvidia on Monday announced a partnership with healthcare startup Aidoc to accelerate the adoption of AI in the healthcare industry. The companies plan to release a new Blueprint for Resilient Integration and Deployment of Guided Excellence in early 2025, aimed at improving clinical workflows and patient care. The guideline will provide a comprehensive, evidence-based framework to help healthcare organizations integrate AI more effectively and scale its use to improve operational efficiency and outcomes. NVDA Price Action: Nvidia shares were up by 2.95% at $142.08 at the time of writing, according to Benzinga Pro. Read Next: Activision's New AI Strategy Aims To Ban Call Of Duty Cheaters Within One Hour Of Their First Match\ Image: Shutterstock. Market News and Data brought to you by Benzinga APIs

NVIDIA stock surges 4% Monday, tapping another all-time high By Investing.com

Investing.com -- AI-darling NVIDIA's (NASDAQ:NVDA) stock closed at another new all-time high on Monday as it continued its meteoric rise. The stock closed up 4.14% to $143.71 and is now up 190.2% year-to-date. Gains come after Taiwan Semiconductor Manufacturing (NYSE:TSM), which counts NVIDIA as one of its largest customers, said late last week that AI demand is "real" and "sustainable". TSMC said they now see the revenue contribution from server AI processors to more than triple this year, and account for mid-teens percentage of our total revenue in 2024. In addition, large client Microsoft Corporation (NASDAQ:MSFT) is said to have increased its fourth-quarter NVIDIA GB200 orders by 3x from 400 racks to 1,450 racks, according to analyst Ming-Chi Kuo. "Blackwell chip production ramp-up begins in early 4Q24," Kuo stated. "Considering yield rates and testing efficiency, estimated shipments are about 150,000-200,000 units in 4Q24, with significant growth projected at 200-250% QoQ to 500,000-550,000 units in Q1 2025." Dell Technologies Inc (NYSE:DELL) is said to be ready to ship Blackwell servers as soon as November. Wedbush analyst Dan Ives said they believe "overall AI infrastructure market opportunity could grow 10x from today through 2027 as this next generation AI foundation gets built with our estimates a $1 trillion of AI cap-ex spending is on the horizon over the next 3 years."

Should you buy Nvidia stock now? It may be a once-in-a-generation opportunity

Nvidia has been one of the most hyped and closely followed stocks in recent memory as the fortunes of the broader market increasingly hinge on the AI chip leader. At one point this year, the stock accounted for more than a third of the S&P 500's gains, and some investors even held watch parties for Nvidia's earnings release. Nvidia's astronomical run to a $3 trillion company has also been somewhat divisive as many on Wall Street have doubted that the stock can sustain further gains while others see the AI boom fueling more upside. That's left investors asking, "should I buy Nvidia stock right now, or sell it?" Analysts at Bank of America have an answer: In a note on Thursday, they reiterated their buy rating on Nvidia stock and raised their price target to $190 from $165, implying it could soar 38% higher from Friday's closing price. At $190 a share, Nvidia's market cap would also explode to $4.7 trillion from $3.4 trillion today. In fact, BofA is so bullish on Nvidia stock that analysts called it a "generational opportunity," estimating a total addressable market of more than $400 billion for AI accelerators. "AI models (demand) continue to evolve, with the cadence of new LLM model launches now increased to 3-5 times/yr per developer (OpenAI, Google, Meta, etc.), and each new major generation requiring 10-20x compute requirement to train," analysts said. Their confidence in Nvidia has been boosted by others in the chip sector like Taiwan Semiconductor and ASML, which both recently signaled strong AI demand. BofA's meetings with executives at Broadcom and Micron as well as comments from AMD have yielded similar indications. Meanwhile, Nvidia CEO Jensen Huang also touted huge demand for the company's next-generation AI chip. "Blackwell is in full production, Blackwell is as planned, and the demand for Blackwell is insane," he told CNBC earlier this month. "Everybody wants to have the most, and everybody wants to be first." Adding to BofA's bullish case for Nvidia is its underappreciated enterprise partnerships with the likes of Accenture, ServiceNow, Microsoft, and others as well as its software products that help reinforce Nvidia's dominance in hardware. They combine to create a deeper overall Nvidia ecosystem for AI. Plus, Nvidia could generate more than $200 billion in free cash flow over the next two years, rivaling even Apple, BofA estimated. Earnings reports later this month from tech giants that are developing AI technologies, such as Microsoft, Google, and Amazon, should provide more insight into demand. And Nvidia is due to report Nov. 20. While some on Wall Street have expressed skepticism on whether massive investments in AI are translating to the bottom line, the tech sector is locked in a cutthroat race to be first on the scene with the latest advances in AI. "We continue to see the pace of new model development increase," BofA said. "LLMs in particular are being developed for both larger size and better reasoning capabilities, which both require greater training intensity."

AI Creates 'Generational Opportunity': Why Nvidia Analyst Says Stock Will Hit $190 - Apple (NASDAQ:AAPL), Accenture (NYSE:ACN)

Nvidia's free cash flow could exceed $200 billion in the next two years, with margins reaching 45-50%. Nvidia Corp. NVDA continues to be Bank of America's top stock pick within the artificial intelligence (AI) universe, with analyst Vivek Arya labeling the company as a "generational opportunity." On Thursday, the investment bank raised its price target for the company from $165 to $190. This implies a 40% upside compared to current market prices, on the heels of Nvidia's "dominant market position in AI chips" and future AI-driven growth. Bank Of America Raises Earnings Estimates On Nvidia Arya significantly boosted Nvidia's earnings forecasts for 2025 and 2026 by 13% to 20%. He also highlighted the company's "strong competitive lead" in the AI sector, controlling 80-85% of the market. The analyst estimated that Nvidia could tap into a total addressable market (TAM) of over $400 billion by 2024. That's four times larger than what was previously projected. Several recent industry developments have also reinforced Bank of America's confidence in Nvidia's long-term prospects. Among these are strong earnings from key suppliers like Taiwan Semiconductor Company Ltd. TSM and Advanced Micro Devices Inc. AMD's recent AI event, alongside meetings with tech giants like Broadcom Inc. AVGO, Micron Technology Inc. MU, and key players in optical technologies. Recent reports from TSMC confirm that demand for AI technologies is robust and will likely remain so for years to come. According to Nvidia management, demand for the company's next-generation Blackwell chips is "insane," further supporting the bullish outlook. The report also highlights Nvidia's "extraordinary cash generation potential." Arya predicts the company could generate over $200 billion in "free cash flow" (FCF) over the next two years, with margins of 45-50% -- almost double the average of the so-called "Magnificent 7" tech stocks, which includes giants like Apple Inc. AAPL and Microsoft Corp. MSFT. Undervalued Partnerships And Revenue Growth Arya also indicate that Nvidia's growing enterprise partnerships with companies such as Accenture plc ACN, ServiceNow Inc. NOW, and Oracle Corp. ORCL are "undervalued by the market." Beyond its hardware dominance, Nvidia's software offerings, like its Networking Interface Modules (NIMs), are critical components in maintaining its leadership in AI infrastructure. These partnerships are expected to drive further expansion across multiple industries. Despite NVIDIA's strong growth outlook and market dominance, Arya believes its "valuation remains attractive." He calculates that NVIDIA's price-to-earnings growth (PEG) ratio for 2025 is just 0.6x, well below the average PEG ratio of 1.9x for the "Magnificent 7" stocks. Market Reactions Shares of Nvidia rose 0.84% on Friday to $138, just a hair's breadth away from its record high of $140.89 set the previous day. The iShares Semiconductor ETF SOXX slipped 0.1%, poised for a weekly decline of about 2.8%, following Wednesday's selloff sparked by negative market reactions to ASML Holding N.V. ASML's early earnings release. Read Now: Goldman Sachs Highlights 20 Top Short-Squeeze Opportunities For Q3 Earnings Season Market News and Data brought to you by Benzinga APIs

Nvidia stock closes at a record as Wall Street cites strong AI demand

The pill form of Novo Nordisk's drug Ozempic can cut the risk of heart attacks and strokes, according to a new study The chipmaker's stock rose 4.14% and closed at $143.71 per share, and its shares continued climbing in after-hours trading. Earlier in the day, the company's stock reached an intraday record high of $142.46, according to Barron's. Nvidia's shares are up 198.34% so far this year. Friday, Bank of America (BAC) raised its price target for the chipmaker to $190 from $165, citing "confidence in NVDA's competitive lead and generational opportunity." Research analyst Vivek Arya cited "recent industry events," including Taiwan Semiconductor Manufacturing Company's (TSMC) (TSM) earnings results and Advanced Micro Devices' AI event, as part of the reason for the price target lift in the Bank of America Global Research report last week. "We also highlight a growing presence of AI in enterprise, where NVDA is the partner of choice," Arya said. Last week, Nvidia set an intraday high after TSMC beat earnings expectations. The chipmaker's stock briefly climbed over 3% to set an intraday record of $140.89 per share Thursday. The stock's last record intraday high was on June 20, when it reached $140.76 per share. Meanwhile, TSMC reported revenue of NT$759.69 billion, or $23.5 billion, for the quarter ending Sept. 30. Third-quarter revenue was up 36% year over year in U.S. dollars, TSMC said, and was up 12.9% from the previous quarter. Shares of Nvidia fell over 4% last Tuesday after closing at a record high $138.07 the previous day. The drop occurred following a report that the U.S. could cap sales of advanced artificial intelligence chips from U.S.-based chipmakers to certain countries.

Nvidia facing a 'generational' opportunity, stock has nearly 40% upside left: BofA By Investing.com

Investing.com -- Bank of America (NYSE:BAC) analysts on Thursday reiterated a Buy rating on Nvidia (NASDAQ:NVDA) stock and lifted the price target from $165 to $190, implying nearly 40% upside from current levels. BofA also hiked its 2025 and 2026 pro forma earnings per share (EPS) estimates by 13% and 20%, respectively. The bank believes that Nvidia, which holds an 80-85% market share, is facing "generational opportunity" in a total addressable market (TAM) exceeding $400 billion, a significant jump from the current year's projections. Analysts said their bullish stance on the stock has been bolstered by several recent industry developments - TSMC's recent blowout report, AMD's AI event, and strong Blackwell demand, among others - as well as the company's robust competitive positioning. Moreover, they highlight Nvidia's underestimated enterprise partnerships with major firms like Accenture (NYSE:ACN), ServiceNow (NYSE:NOW), and Oracle (NYSE:ORCL), as well as its software offerings. "NVDA's engagements span multiple verticals, and offerings such as AI Foundry, AI Hubs, NIMs are key levers to its AI leadership, not only on the hardware side but also on systems/ecosystems side," they noted. BofA projects that Nvidia's free cash flow (FCF) at 45-50% margin remains underappreciated, as it is nearly double the average of the so-called "Magnificent Seven" tech giants. "In $ terms, NVDA could take in $200bn+ of FCF over the next two years, rivaling that of AAPL and providing growth optionality," analysts said. In its bull case scenario, BofA suggests that Nvidia could outperform expectations if the networking segment mix reaches 17-18%, driven by the ramp-up of its Spectrum switch and potential market share gains in Ethernet. This could conceptually lead to sales exceeding $200 billion in the fiscal year 2026. Furthermore, there is potential for gross margins to improve toward the mid-70% range, factoring in system mix shifts and better yields from the Blackwell product line.