Nvidia Stock: When Will NVDA Reach $180?
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Nvidia stock closed Friday’s trading bell at the $137 mark and surged 3.1% in the day’s trade. In a week alone, NVDA has risen more than 6% and is reclaiming its lost territory. The stock spiked despite the curbs on AI chip exports issued by the U.S. government this month. The curbs will significantly eat up Nvidia’s revenue, as 56% of its revenue comes from overseas customers. China is one of Nvidia’s biggest customers and the U.S. does not want the Communist government access to the latest AI chips. Stock market analyst Mike Investing took to X, predicting that Nvidia stock is poised to touch $180. He shared a chart indicating that NVDA is on a bullish trend.
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