NVDA
New high, then a quick breather
Nvidia did the classic “run to the front of the class, then sit down because everyone’s staring” move on Tuesday. Shares hit a new all-time high early in the session before pulling back as chip stocks faded with the broader market.
Wells Fargo still wants in
The real headline for investors: Wells Fargo kept its bullish stance and raised its price target from $265 to $315, while reiterating an Overweight rating. Analyst Aaron Rakers said demand for compute capacity is still outrunning supply, and that Nvidia’s ability to scale AI infrastructure remains the engine behind its data center growth.
The AI story is still doing the heavy lifting
Rakers also pointed to Blackwell as a big future growth driver and said the broader AI pipeline could top $1 trillion by 2027. In other words, the market may be taking a quick victory lap on Nvidia’s already huge run, but the analysts are still treating it like the center of the AI universe.
What you should watch
The stock may wobble if traders keep locking in profits, especially after its strong year-to-date move. But as long as Wall Street keeps lifting targets and the AI demand story stays hot, Nvidia’s rally has plenty of fuel left in the tank.
Big picture: this wasn’t a new business update so much as another reminder that Nvidia remains the default trade for AI optimism.