Nvidia Stock Surges to Record High on AI Enthusiasm
Nvda stock is surging, driven by global AI enthusiasm and bullish momentum indicated by technical indicators such as RSI and MACD. The stock has broken out to a new record high, reaching $191.05 on Thursday, with a gain of 5.29 percent in the past week.
Analysts are overwhelmingly bullish on Nvda, with 51 buy, 8 overweight, 5 hold, and only 1 sell rating. The average price target stands at $219.08, suggesting an upside potential of nearly 17 percent. Technical analysis predicts further growth, with the next price target at the 161.8 Fibonacci extension, around $194.23. Beyond $200, the movement could continue to the 261.8 level in the $260 range. By November 2, 2025, the stock price is forecast to rise to approximately €172.01 per share, a 7.64 percent increase from the current price, with a bullish sentiment and an RSI of 56.59 indicating moderate upward momentum. Some analysts even predict the stock could double in price.
With less than 10 percent needed to reach a $5 trillion market capitalization, Nvda stock is poised for significant growth. To achieve this milestone, the stock price would need to rise to $205.73. Technical indicators and analyst ratings suggest this could be within reach, as Nvda continues to benefit from global AI enthusiasm.
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