NVIDIA’s stock dips 10% in a month to $192.53, with analysts targeting $245.91 amid strong AI demand and supply commitments.
NVIDIA’s market capitalization fell below $5 trillion this month, with shares trading at $192.53 after a 10% decline over 30 days. Analysts set a price target of $245.91, implying 27.73% upside, citing a 90% confidence level in the stock’s rebound.
The stock remains up 3.36% year-to-date and 24.36% over the past year, though it is 27% off its 52-week high of $236.26. Recent declines follow profit-taking in AI chips and concerns over SK Hynix HBM supply, but fundamentals remain strong with Q1 FY27 revenue at $81.61 billion, up 85.23% year-over-year.
CEO Jensen Huang described the AI infrastructure expansion as the largest in history, backed by $119 billion in supply commitments from partners like OpenAI and CoreWeave. Long-term projections target $260 by mid-2027 and $392 by 2030.