This article first appeared on GuruFocus.
Nvidia (NVDA, Financials) ticked higher on Monday, closing up 1.7% at $181.11 after trading in a wide intraday range between $179.01 and $183.85. The move came as analysts doubled down on the company’s role at the center of the artificial intelligence boom.
The stock has been riding strong momentum since reports surfaced of a $100 billion commitment to support OpenAI’s next-generation AI buildout through CoreWeave. That deal positions Nvidia as a core supplier of compute power at a time when hyperscalers are racing to expand capacity. At the same time, the company rolled out its Rubin CPX architecture, aimed at high-end video generation and complex inference workloadssignaling that it wants to lead not just in text-based AI but in multimodal applications as well.
Not all commentary was upbeat. Citi trimmed its price target to $200, down from $210, citing the threat of new chip designs from Broadcom and others. But Evercore analyst Mark Lipacis came away confident after recent discussions with Nvidia’s finance chief, lifting his target to $225 and highlighting CUDA and NVLink as competitive moats.
Technically, the stock remains in a clear uptrend, holding well above its 50- and 200-day moving averages. Traders are watching $185$190 as the key resistance zone. A breakout could open the door to $200$210, while support near $170$175 looks firm for now.
Investors will be looking to the company’s next earnings report and fresh updates on AI infrastructure demand to see if this run can extend.
