Nvidia Stock Price Target Raised as AI Boom Continues

From record-breaking revenues to data center dominance and a fan base that approaches Nvidia’s earnings calls as concerts, Nvidia has been able to make semiconductor analysis into pure entertainment. Melius Research has also bestowed its vote of confidence upon Nvidia, which boosted its price target to $275 from $240, along with keeping a Buy rating. 

The upgrade occurs as the chipmaker rides the very trending global AI adoption, with its data center segment being the pillar of Nvidia’s remarkable growth narrative. As per InvestingPro data, 29 analysts have upgraded their earnings estimates, which cements Nvidia’s consensus rating as a Strong Buy.

Analysts Ignore Growth Worries

Melius Research thinks that the story of decelerating growth is “overblown,” contending that Nvidia’s momentum continues to be persistent even in the absence of large sales to China. The company expects Chinese demand will one day come back, but even if it doesn’t, Nvidia’s data center and AI infrastructure markets are growing at an unprecedented rate. 

Melius boosted its 2027 revenue growth projection for data centers to 30% from an earlier 22% forecast due to surging demand for GPUs driving AI models and training systems. The research report also hinted that Wall Street evaluations for 2026-2028 are still too conservative considering Nvidia’s technological superiority and unmatched production size.

Nvidia Extends Industry Relations

Melius’s bullish call mirrors sentiment from other top institutions, as Goldman Sachs also raised its price target to $210 recently, emphasizing Nvidia’s significance in collaboration with OpenAI and other artificial intelligence companies. 

Cantor Fitzgerald also reiterated its Overweight rating, highlighting Nvidia’s leadership as a very important position in the AI infrastructure. Also, Microsoft’s $19.4 billion acquisition to gain access to more than 100,000 of Nvidia’s newest GB300 chips via Nebius Group is another significant drive to augment AI computing capacity. 

The upgrade of JPMorgan of Hon Hai Precision Industry to NT$270 confirms the overall optimism on AI server expansion, where a lot of it is directly linked to Nvidia’s rack revenues and chip supplies.

Nvidia’s Growth Story & Its Next Chapter

Nvidia’s extraordinary growth story has established itself as an icon of the AI revolution. From data centers to autonomous vehicles and generative AI, the company continues to lead its competitors in advanced innovation and execution. 

Melius’s new estimate of $275 reflects the market’s perception that Nvidia’s tale is far from being over, and that it may be on the edge of a new growth era that is fueled by data center growth, software monetization, and sustained leadership in AI. 

Whether the path to a $10 trillion valuation is realistic or wishful, what is certain is that Nvidia is not only surfing the AI wave, it’s leading it.

Nvidia’s data center growth is truly spectacular, but the market might be underestimating how reliant this success is on the present AI infrastructure frenzy as well. If AI model training and cloud capacity growth stagnate, Nvidia’s margins might feel the pinch sooner than anticipated. 

Nevertheless, the true strength of the company is in its ecosystem strategy that includes CUDA software, developer allegiance, and close integration with AI startups as well as tech behemoths. So, Melius isn’t wagering on chip sales, rather it’s wagering on Nvidia’s capability to remain central.

For investors, the question seems to be whether Nvidia is too good to be true at these valuations or not. Nvidia’s main trial now is to keep its growth going up without being overrun by its own success story. The AI revolution will eventually come to a standstill, and when it does, only businesses with genuine, flexible innovation will survive. 

Nvidia’s blend of aggressively taking risks and constant reinvention implies that it may just be that exceptional tech giant that keeps on rewriting its own game plan.