Nvidia Stock Price Forecast Nasdaq Nvda Eyes 204 As Blackwell Demand

Bonisiwe Shabane

-Dec 31, 2025, 4:19 PM

nvidia stock price forecast nasdaq nvda eyes 204 as blackwell demand

Nvidia Corporation (NASDAQ:NVDA) is no longer just another tech name riding the AI narrative; it has become the backbone of the digital infrastructure cycle, commanding a $4 trillion market capitalization and effectively setting the... Since the 2022 bottom, NVDA shares are up more than 15x, a rise often labeled as speculative excess, but the financials tell a different story. Free cash flow has multiplied 16-fold in the same timeframe, keeping valuation aligned with earnings power. Nvidia’s ability to pair top-line acceleration with margin expansion has made it a chip utility—an indispensable supplier to every hyperscaler betting on the AI boom. Investors are fixated on the upcoming Q2 release set for August 27, with Wall Street consensus expecting revenue just under $46 billion and EPS near $1.00. Nvidia has not missed consensus in over ten quarters, and when it beats, it tends to beat by wide margins.

Data Center remains the locomotive, representing around 90% of revenue, and hyperscalers have given no signal of slowing. Alphabet recently boosted its 2025 AI capex forecast to $85 billion, Amazon is already spending more than $100 billion annually on data centers, and Microsoft is accelerating infrastructure in Europe. With these clients doubling down, the question is less about demand and more about Nvidia’s ability to ship Blackwell volumes. Management has guided that supply is already constrained through 2026, a dynamic that locks in visibility for revenue even if sentiment wavers in the broader tech space. Despite the extraordinary gains, valuation metrics suggest Nvidia is not priced at bubble extremes. The projected forward non-GAAP P/E for FY2026 is around 40, significantly below its historical average near 47.

Analysts peg FY2026 EPS at $4.35, which implies a fair share price closer to $204 versus the current trading levels below $182, giving investors more than 17% upside on conservative multiples. Long-term models point to revenue CAGR near 27% through 2028, free cash flow CAGR of 34%, and EPS growth close to 28% annually, doubling per-share free cash flow every two years. Those numbers are not consistent with a stock at risk of collapse but with a structural compounder. Nvidia’s moat is built on three interconnected pillars. The CUDA ecosystem is the deepest moat, with nearly two decades of developer lock-in ensuring that AI software is optimized exclusively for Nvidia hardware. In GPUs, NVDA commands more than 90% of the data center market, and the Blackwell/GB200 architecture cements that dominance with superior performance-per-watt.

With power demand for AI expected by the IEA to grow from 37 GW in 2026 to more than 11,000 GW by 2040, efficiency has become the hyperscalers’ existential priority. Nvidia’s ability to deliver 4x performance improvements per year—either through speed, efficiency, or cost per watt—makes it the indispensable partner in an era when electricity itself is the scarce resource. The networking layer, with NVLink and Infiniband, integrates this ecosystem into full-stack AI factories. A single SuperPod can cost $30–60 million, while hyperscale campuses like Meta’s Hyperion, projected at $150–200 billion per site, imply tens of billions in Nvidia hardware demand for each campus. Reviewing insider activity on Nvidia’s profile, trading patterns reflect confidence in long-term positioning. Institutional funds have overweighted NVDA as the largest position in multiple strategies, including ZEUS Legacy, where it represents 15% of holdings but has generated nearly 30% of lifetime profits.

That concentration illustrates how Nvidia has become not only a retail favorite but also the anchor of institutional performance in the AI megacycle. Insider confidence coupled with recurring institutional allocations underscores resilience even during corrections like the 37% drawdown in April, which long-term buyers used as an entry point. Shares of Nvidia Corp. (NASDAQ: NVDA) have popped 5.2% in the past week, after it announced it would begin shipping H200 chips to China in February and that it would invest $1.5 billion on a server farm in... Nvidia’s stock is 30.2% higher than six months ago, outperforming the S&P 500 and Nasdaq in that time. Note that gains for the chipmaker in that time have helped wipe away the steep drop the stock suffered early in 2025, after it reported it would take a $5.5 billion charge tied to...

While some analysts have raised price targets, others caution about ongoing headwinds due to uncertainty surrounding future U.S.-China trade relations and the potential for stricter regulations. The third-quarter report was stellar on the top and bottom lines due to strong growth in the data center segment. Despite its challenges, the company’s pivot to U.S. AI infrastructure investments signals resilience. With analysts eyeing robust data center demand, 24/7 Wall St. here explores whether Nvidia can sustain its recovery and drive further growth.

Nvidia faces significant hurdles as it navigates U.S.-China trade restrictions and intense market expectations. In the first quarter, export controls on its H20 AI chip—which had been designed specifically to circumvent export restrictions on advanced technology to China—led to the substantial write-down noted above. Analysts believed the ban could result in a $9 billion revenue hit. Some $700 million would affect fiscal first-quarter results, with the remaining $8 billion spread across the second and third quarters. U.S. tariffs and China’s retaliatory measures also threatened supply chain costs, particularly for components sourced globally, while competition from Huawei’s Ascend chips grows.

These factors had analysts warning of margin pressure. Yet, Nvidia’s profitability remains robust. The company has reportedly raised prices 10% to 15% on some of its most popular GPUs as a result of the tariffs. Gaming processor prices jumped 5% to 10%, while it hiked high-end AI GPUs as much as 15% to account for surging manufacturing costs and to keep its earnings stable. Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Analysts are saying Nvidia could hit 920.09 dollars by 2030, a projection that has many investors assessing whether NVDA still has room to run after years of explosive gains.

If you're bullish and want a simple, low-cost way to invest, SoFi lets you trade Nvidia stock with no commissions, and new users who fund their account can receive up to 1,000 dollars in... Plus, anyone who transfers existing investments to SoFi and keeps them there through December 31, 2025, can earn an additional 1 percent bonus, offering even more upside for new investors. Nvidia Corp (NASDAQ:NVDA) has evolved from a graphics-chip manufacturer into the backbone of the modern artificial intelligence boom. As companies scale generative AI, autonomous systems and data-intensive cloud applications, Nvidia's GPUs have become central infrastructure powering these technological shifts. After soaring 171 percent in 2024 and adding another 26 percent in 2025, many investors are now weighing whether Nvidia's valuation still leaves enough room for meaningful future gains. Missed Nvidia and Tesla?

RAD Intel could be the next AI powerhouse — join 10,000+ early backers and invest now just $0.81 per share. Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here’s how you can earn passive income with $100. The 39 analysts that cover NVIDIA stock have a consensus rating of "Strong Buy" and an average price target of $252.49, which forecasts a 32.23% increase in the stock price over the next year. The lowest target is $100 and the highest is $352. The average analyst rating for NVIDIA stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

NVIDIA Corporation (NASDAQ: NVDA) heads into Friday’s Dec. 26, 2025 session with two narratives pulling at the stock at the same time: fresh, headline-driven momentum around inference and deal-making—plus a still-evolving policy story on China shipments—against a backdrop of investors debating how... After U.S. markets closed for Christmas Day on Dec. 25 and reopened on Dec. 26, NVDA is set up for a post-holiday session where liquidity can be thinner, price moves can look exaggerated, and “single headline risk” can matter more than usual.

Nasdaq Below is what to know before the opening bell—including the latest news, the company’s most recent fundamentals and guidance, what analysts are projecting, and the key risks investors are actively pricing. As of the latest available trading data from the shortened Dec. 24 session (with markets closed on Dec. 25), NVIDIA shares were trading around $188–$189. StockAnalysis

Market schedule context matters this week: Nvidia (#NVDA) is one of the leading technology companies specializing in the development of graphics processing units (GPUs), artificial intelligence solutions, and cloud computing. The company's stock has grown rapidly in recent years, driven by the fast-paced development of AI technologies and the increasing demand for high computing power. In 2025, investors continue to closely monitor NVDA's performance, analyzing fundamental and technical factors. This article will explore expert predictions for Nvidia's stock price in the coming years and examine the key factors influencing its value. We will conduct technical and fundamental analysis to determine whether this asset is promising for long-term investment.

The article covers the following subjects: The Nvidia stock price is $191.00 as of 26.12.2025. Nvidia reached its all-time high of $211.99 on 29.10.2025. The all-time low of $0.33 was set on 26.04.1999.

Nvidia Stock Price Forecast Nasdaq Nvda Eyes 204 As Blackwell Demand

People Also Search

Nvidia Corporation (NASDAQ:NVDA) Is No Longer Just Another Tech Name

Data Center Remains The Locomotive, Representing Around 90% Of Revenue,

Analysts Peg FY2026 EPS At $4.35, Which Implies A Fair

With Power Demand For AI Expected By The IEA To

That Concentration Illustrates How Nvidia Has Become Not Only A