Nvidia Hits Record High, Wall Street Still Sees Up to 99% Upside
Nvidia inventory lastly broke by means of on October 2. Shares hit a brand new all-time intraday high of about $237.83, overtaking the earlier May document.
The instant catalyst got here from Morgan Stanley. Analyst Joseph Moore restored Nvidia because the agency’s high semiconductor choose after conferences with CEO Jensen Huang and CFO Colette Kress.
Why Nvidia Stock Price Surged to a Record High
Morgan Stanley saved its Overweight ranking and $300 worth goal, pointing to Nvidia’s new product cycle and growing demand from AI labs and agentic AI.
The wider market helped. A weaker-than-expected US jobs report pushed buyers away from expectations for one more near-term Federal Reserve fee hike. The Nasdaq additionally reached document territory.
Nvidia had another tailwind already in place. On September 28, the corporate added $150 billion to its share-buyback authorization, taking the remaining program to $235 billion.
Huang mentioned the transfer mirrored Nvidia’s “confidence within the long-term alternative forward.”
Nvidia Stock Price Outlook from Wall Street Giants
The putting half is that the document worth stays under almost each main Wall Street goal.
| Wall Street agency | Price goal |
| Morgan Stanley | $300 |
| Goldman Sachs | $300 |
| UBS | $300 |
| Citi | $315 |
| JPMorgan | $320 |
| RBC Capital | $330 |
| Wedbush | $345 |
| Bank of America | $350 |
| Cantor Fitzgerald | $350 |
| Rosenblatt | $390 |
| Bernstein | $400 |
| Evercore ISI | $465 |
Recent analyst actions help these targets.
Across 61 analysts tracked by S&P Global, Nvidia’s common goal is now $327.70. That implies roughly 40% upside from Friday’s shut.
That optimism nonetheless carries a high bar. Goldman Sachs has beforehand warned that expectations round Nvidia are elevated. Investors now want continued proof that AI spending can help the valuation.
What Nvidia Investors Should Watch Next
- November — Q3 earnings: Nvidia has not but introduced the precise date. Rubin demand, income steering and margins will matter most.
- Rubin and Vera rollout: Morgan Stanley sees the brand new product cycle and agentic AI as main potential progress drivers.
- AI spending: Microsoft, Amazon, Meta and different giant clients want to maintain pouring cash into infrastructure.
- The $235 billion buyback: Nvidia plans to execute the remaining authorization by means of fiscal 2028.
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