Overview

• Nvidia retreated after Monday’s all-time intraday high, briefly fell below its 50-day moving average, then traded back near that level around $177.25 on Thursday.
• Other AI-exposed chip names also declined in recent sessions, including Astera Labs, Credo Technology and Micron.
• Mizuho trading desk analyst Jordan Klein called for a modest reset after a rapid September run-up and suggested investors consider taking profits or waiting.
• Barclays’ Tom O’Malley reiterated an overweight rating on Nvidia and lifted his price target to $240, pointing to more than $2 trillion in planned AI infrastructure spending.
• Market commentary highlighted reports of a potential Nvidia–OpenAI data-center plan estimated at 10 gigawatts and up to $100 billion, figures cited by commentators and secondary reports rather than confirmed in these articles.