Overview
- Shares closed at $89.93, up 12.22% on Monday, after touching $91.30 intraday.
- Trading volume reached 42.1 million shares, about 49% above the three-month average of 28.2 million.
- Goldman Sachs set a neutral rating with an $86 price target, citing purpose-built architecture and tight AI compute supply, and said it expects wins on large contracts.
- DA Davidson upgraded the stock to neutral from underperform with a $68 target, pointing to potential OpenAI fundraising as a possible demand catalyst.
- Coverage noted plans to add Nvidia’s next-generation Rubin chips and highlighted Nvidia’s minority stake as a source of investor confidence.