Nvidia's stock is experiencing a notable surge, driven by strong demand for its next-generation Blackwell GPUs and optimistic projections from Wall Street analysts. Barclays recently raised its target price for Nvidia to $175 per share, citing the Blackwell GPUs' ability to significantly enhance AI training and inference tasks. This optimism is echoed by other analysts, who have increased their earnings estimates for Nvidia's upcoming fiscal quarters. The demand for Blackwell GPUs is reportedly outpacing supply by a factor of 15, underscoring the robust market interest in Nvidia's cutting-edge technology.
In addition to the GPU demand, Nvidia's potential in autonomous driving and robotics is gaining attention. Analysts like Dan Ives from Wedbush highlight the underappreciated growth opportunities in these sectors, with Nvidia's comprehensive robotics platform positioning it well for future success. The company's automotive and robotics sales, though currently a small fraction of its total revenue, are expected to grow substantially as these industries expand. This broader market potential, combined with Nvidia's leadership in AI, is fueling investor confidence and contributing to the stock's upward momentum.
The ETF Opportunities Trust T-Rex 2X Long NVIDIA Daily Target ETF (NVDX) rose to $14.44, up 5.94% as of 10:00 AM ET on January 20th.