NVIDIA Regains Top Spot; FOMO Is Why It Will Continue to Rise

Core Viewpoint - NVIDIA's stock has risen over 60% since its April low, with potential for further growth driven by various market factors [1][3][11] Market Dynamics - The rebound in NVIDIA's stock is helping it regain market cap and size, contributing to investor FOMO (fear of missing out) [2][4] - Analysts have been raising price targets since the FQ1 earnings report, with estimates ranging from $171 to $220, indicating a potential upside of nearly 60% [3][11] Business Advancements - NVIDIA is planning to build a new supercomputer for the Department of Energy, expected to significantly reduce research time [7] - CoreWeave has launched a powerful NVIDIA GPU cluster, and NVIDIA is seen as a primary beneficiary of the $500 billion Stargate project, with potential benefits exceeding $25 billion [8] Upcoming Catalysts - Anticipated launches include NVLink Fusion silicon for AI infrastructure and a deal with Saudi Arabia's HUMAIN, which could inject billions into NVIDIA's results annually [9][10] - The HUMAIN deal involves several hundred thousand NVIDIA GPUs, enhancing their market position [10] Stock Price Forecast - Current stock price is $141.92, with a 12-month forecast average of $171.66, indicating a 20.95% upside [11] - A move above the all-time high could intensify FOMO and lead to increased investment [11][12] Technical Analysis - Technical indicators are favorable, with bullish signals suggesting a potential retest of critical resistance levels by early summer [13]