TLDR
- Nvidia shares at $180 after 1.37% Thursday gain, up 30% year-to-date despite market volatility
- Bernstein forecasts $272 target price with ‘Strong Buy’ rating following company’s investor memo
- Stock fell 13% in November on AI valuation worries and Google competition concerns
- CEO Jensen Huang aims for $500 billion 2026 revenue with Blackwell chip sold out
- Wall Street consensus shows 61 of 66 analysts recommend buying with $254 average target
Nvidia closed Thursday at $180 per share with a 1.37% gain. The chip maker has delivered over 30% returns in 2025 despite facing trade war headwinds and tariff concerns.
Bernstein published a research note projecting shares could hit $272. That price represents roughly 50% upside from current trading levels. The investment firm assigned its highest rating after Nvidia released a detailed memo addressing investor concerns.
The company responded to skeptical viewpoints about its financial metrics. Management tackled questions on working capital, revenue patterns, and accounts receivable. Depreciation lifetime concerns were also explained in the investor communication.
Bernstein acknowledged these questions had merit in its analysis. The firm received multiple client requests for clarification on these topics. Major financial institutions including Bank of America, Citigroup, and Phillip Securities issued buy recommendations.
A $1,000 investment at current prices could grow to $1,500 if the Bernstein target proves accurate. Multiple Wall Street firms see substantial upside in the coming months.
Demand Metrics Stay Strong
Shares declined 13% through November trading. Elevated AI sector valuations prompted some selling pressure. Competition from Alphabet’s Google division added to investor concerns about market share.
Wednesday’s after-hours session showed a 0.4% slip. The move suggests potential near-term softness in regular trading sessions.
Analyst sentiment remains overwhelmingly positive despite the pullback. FactSet tracks 66 analysts covering the stock. Of those, 61 maintain buy ratings with a consensus target of $254.
Mizuho analyst Vijay Rakesh emphasized continued GPU demand strength Wednesday. His research highlights solid order flow for graphics processing units. Rakesh holds an Outperform rating with a $245 price objective.
Blackwell Production Sold Through
The company’s newest Blackwell chip line has no available inventory. Complete sellout indicates robust enterprise demand for AI infrastructure. Data center customers continue placing orders for next-generation hardware.
Jensen Huang set a $500 billion revenue goal for 2026. This target represents dramatic growth from present revenue levels. The CEO’s guidance reflects confidence in sustained AI spending.
Both retail traders and institutional buyers maintained purchase activity. Trading volume stayed elevated through China’s AI chip restrictions. Strong demand from alternative markets balanced concerns about Chinese policy.
Rakesh pointed to the Blackwell shortage as evidence of healthy market fundamentals. Enterprise buyers are securing chip allocations for planned AI deployments.
Price projections from leading firms range from $245 to $272. Each estimate implies double-digit percentage gains from Wednesday’s close. The recent monthly decline potentially offers attractive entry pricing ahead of year-end positioning.
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