Nvidia stock price prediction

Core Insights - Nvidia has experienced a remarkable increase in market capitalization, growing from under $400 billion to over $3.3 trillion in approximately 20 months, largely driven by the AI boom [1] - By mid-June 2024, Nvidia surpassed Microsoft and Apple to become the world's largest company, raising questions about its future trajectory [1] - Despite potential risks, investor confidence in the AI sector remains strong, as evidenced by Apple's stock performance following its integration of OpenAI products [1] Technical Analysis - Technical analysis indicates continued growth potential for Nvidia, with moving averages and oscillators showing consistent readings across different time frames [2] - The average rating for Nvidia stock shifted from 'strong buy' to 'buy' based on the last week of trading, indicating a slight moderation in bullish sentiment [4] Analyst Predictions - Analysts are optimistic about Nvidia's future, with recent price target upgrades suggesting significant upside potential; Tigress Capital raised its target from $98.50 to $170, while Wells Fargo set a target of $155 [5] - Rosenblatt Securities provided the most bullish forecast, setting a price target of $200, representing a 47.51% upside from the current stock price of $135.58 [5]