:max_bytes(150000):strip_icc()/GettyImages-2244329721-6323e3b78ba749099be4fdb5e8d151c6.jpg "This Tech Stock Expert Just Got More Bullish About Nvidia Ahead of Earnings. Here’s Why")
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Key Takeaways
- Oppenheimer analysts raised their price target for Nvidia’s stock to $265 from $225, saying they believe the chipmaker “remains best positioned to win in AI.”
- The stock has climbed close to 40% in 2025 as demand for the company’s AI chips surged, though the shares have pulled back recently amid worries about an AI bubble.
- Nvidia is set to report its latest quarterly results next Wednesday.
One Nvidia bull just got more bullish.
Analysts at Oppenheimer boosted their target for the chipmaker’s stock to $265 from $225, telling clients yesterday they believe Nvidia “remains best positioned to win in AI” after CEO Jensen Huang highlighted strong demand for its AI chips at an event last month.
Shares of Nvidia (NVDA) were down 4% at around $186 in recent trading, as the tech sector was leading losses on the major U.S. indexes on Thursday. (Read our daily markets coverage here.) Coming into today’s session, the stock had gained 44% since the start of the year, though the stock is down from the record high of $212 set late last month.
Tech sector stocks have pulled back recently amid worries about an AI bubble, with a muted reaction to strong earnings from rival Advanced Micro Devices(AMD) last week and a drop in shares of AI software darling Palantir (PLTR) following its better-than-expected results suggesting investors may have become harder to impress, with weaker rewards and greater punishments in response to quarterly results.
That could mean a more challenging setup for Nvidia, as the chipmaker prepares to report its quarterly earnings after the closing bell next Wednesday.
Why This Is Significant
Big gains for tech stocks this year on enthusiasm for AI plays such as Nvidia have helped propel the major indexes to fresh highs, though their run-up has also fueled widespread worries about a bubble, injecting uncertainty into the trade. Next week’s earnings report from Nvidia could be a make-or-break moment for the AI trade.
Still, a big jump in AMD’s stock price yesterday after the company unveiled ambitious new targets and CEO Lisa Su told analysts the company is seeing “insatiable” demand could point to potential for Nvidia to find more support with new announcements, despite some skepticism around the AI trade.
Most Wall Street analysts believe Nvidia’s stock has room to rise, with 13 of the 14 analysts with current ratings compiled by Visible Alpha calling it a “buy,” compared to one “hold.” Their mean target around $212 would suggest 9% upside from Wednesday’s close.
