The rise of Nvidia remains one of the most impressive stories in the stock market. Where many technology companies benefit from artificial intelligence, Nvidia provides the computing power behind this development. Its share price reached another all-time high, confirming that investors continue to see the company as one of the main winners of the AI revolution.
Artificial intelligence is now no longer hype, but a fundamental part of the digital infrastructure. Data centers, cloud platforms and large technology companies are increasingly dependent on specialized chips. With an order book of about $1 trillion, a market share of more than 90% in data center GPUs and a market capitalization of more than $5,100 billion, Nvidia is in an exceptionally strong position.
In our Oct. 16, 2025 article, we anticipated a corrective move toward $165 to $170, followed by a new bullish phase. The price then fell to around $166 and then rebounded powerfully to a new all-time high of $216. In this article, we look again at current developments, analyst expectations and the price picture for the coming months. The October 16, 2025 article can be found HERE. Read it first to be fully informed.
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What is the current situation at Nvidia?
Since our last article, the picture around Nvidia has continued to sharpen. The growth in AI and data centers has continued, and the Blackwell architecture has now been fully rolled out and is an important foundation underpinning the investment plans of major cloud players worldwide. With that, the question is no longer whether Nvidia is benefiting from AI, but rather how long the company can maintain its dominant position.
An important new catalyst is the upcoming Vera Rubin chip generation, expected to be launched in the second half of 2026. This new generation should make AI calculations more efficient and may further bolster demand from hyperscalers and data centers.
The order book also underscores the exceptional demand for Nvidia's technology. CEO Jensen Huang has indicated that demand for Blackwell and Vera Rubin has reached about $1 trillion spread over 2026 and 2027. This keeps Nvidia strongly positioned within the global AI infrastructure. At the same time, geopolitical risks surrounding China remain present. Back in October, we pointed out the impact of export restrictions and the uncertainty surrounding H20 chips. That uncertainty has not disappeared completely, as Nvidia remains dependent on U.S. regulations and any further tightening. However, the company has so far shown that it can handle such headwinds relatively well.
Beyond its chip business, Nvidia continues to strengthen its broader AI ecosystem through collaborations, investments and strategic expansions. The continued partnership with Google Cloud and the collaboration with Lumentum on optics technology for AI data centers are part of that broader development. Nvidia thus continues to evolve step by step from dominant chip supplier to a broader AI platform.
What is analysts' view of Nvidia's direction?
Analysts' views on Nvidia remain mostly positive. The average share price expectation is around $270, representing an upside potential of about 30% from the current share price. However, the range remains wide. On the cautious side, a price towards $140 is taken into account, while the most optimistic scenarios reach around $380.
Based on a survey of 70 analysts, Nvidia receives broad support from the market. Of this group, 64 analysts maintain a buy recommendation, 57 of which even give a Strong Buy recommendation. This confirms confidence in Nvidia's position as one of the key players in the global AI infrastructure.
The divergent price targets show that there remains debate about the valuation and the pace at which Nvidia can maintain its growth. Still, the overall tone remains distinctly positive. For analysts, strong demand for AI chips, dominance in data centers and the expected contribution of new chip generations remain the main arguments behind their positive outlook.
Our take on Nvidia's share price?
Below is the price chart with our technical levels and expected scenarios.
As described in the October 16 2025 article, the correction brought the stock price back to the expected zone around $166. This level formed a solid bottom in April, after which the stock recovered strongly. The breakout above the resistance zone from $195 to $212 is an important signal technically. This was an area where the stock price struggled for an extended period of time. The recent close at a new all-time high of $216 confirms that the breakout has gained traction.
Our algorithm gives as the most likely scenario a continuation of the upward trend towards the first price target of $250. After reaching this level, we take into account a limited correction towards around $220. After that, the technical picture continues to offer room for a new upward trend towards our increased price target of $285.
Conclusion
Nvidia continues to develop excellently within a sector that is becoming increasingly important globally. Demand for AI computing power continues to rise, its position in data center GPUs is exceptionally strong, and the upcoming Vera Rubin generation could represent another significant step forward. At the same time, the stock remains highly valued and geopolitical risks have not disappeared. In particular, export restrictions towards China may continue to cause volatility in the near term.
In October, we indicated that holding the position from $145 could be considered and that price corrections towards the zone around $170 could potentially offer interesting entry points. That scenario developed largely as expected. The price found support around $166 and then rebounded vigorously to a new all-time high. Thus, the earlier positive scenario was confirmed and the technical picture improved again.
We are raising our price target to $285. The combination of a record order book of around $1 trillion, a dominant market position and a strong technological lead supports the long-term story. As a result, for now, Nvidia remains one of the most powerful stock market stories within the global AI revolution.
Nvidia will publish its figures again on May 20, 2026.
Disclaimer: Investing involves risk. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts' own insights and experiences. They are therefore for educational purposes only.