Oppenheimer Raises Nvidia Price Target to $265 Ahead of Earnings Amid AI Demand Surge
Oppenheimer analysts have increased their price target for Nvidia to $265 from $225, citing the chipmaker's dominant position in AI. CEO Jensen Huang's recent remarks underscored robust demand for Nvidia's AI chips, even as the stock faces short-term volatility.
Nvidia shares have surged 44% year-to-date but retreated from last month's record high of $212. The broader tech sector has wobbled amid concerns about an AI bubble, with muted reactions to strong earnings from peers like Advanced Micro Devices and Palantir.
Next Wednesday's earnings report will test whether Nvidia can sustain its AI-driven momentum. The stock's recent pullback reflects growing investor selectivity in rewarding AI-related performance.