{"id":2832,"date":"2026-05-07T16:44:45","date_gmt":"2026-05-07T16:44:45","guid":{"rendered":"https:\/\/retrotradingreport.com\/index.php\/2026\/05\/07\/nvidia-stock-jumps-another-3-analyst-sees-more-upside-ahead\/"},"modified":"2026-05-07T16:44:45","modified_gmt":"2026-05-07T16:44:45","slug":"nvidia-stock-jumps-another-3-analyst-sees-more-upside-ahead","status":"publish","type":"post","link":"https:\/\/retrotradingreport.com\/index.php\/2026\/05\/07\/nvidia-stock-jumps-another-3-analyst-sees-more-upside-ahead\/","title":{"rendered":"Nvidia stock jumps another 3%: analyst sees more upside ahead"},"content":{"rendered":"
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Shares of Nvidia (NVDA) rose on Thursday, extending gains from the previous session as the broader semiconductor sector rallied.<\/p>\n

The stock was up around 3% at $213.53 in early trading, after climbing 5.8% on Wednesday and reclaiming the closely watched $200 level.<\/p>\n

Analyst reaffirms bullish outlook<\/h2>\n

Goldman Sachs reiterated a Buy rating on Nvidia with a $250 price target, pointing to continued upside driven by demand for AI infrastructure.<\/p>\n

The firm said investors are likely to focus on potential upside to Nvidia\u2019s $1 trillion data centre guidance, as well as opportunities tied to agentic AI and its impact on server CPUs.<\/p>\n

Goldman Sachs expects a \u201cbeat-and-raise\u201d quarter based on positive supply and demand trends, but noted that expectations are already elevated, setting a high bar for further stock outperformance.<\/p>\n

The firm added that Nvidia\u2019s valuation could re-rate higher if there is evidence of improving profitability among hyperscalers, broader enterprise adoption of AI, and increased visibility into deployments beyond traditional large-scale customers.<\/p>\n

The chip giant will report earnings later this month.<\/p>\n

AI infrastructure demand remains strong<\/h2>\n

Recent updates from major technology companies have reinforced expectations of sustained spending on AI infrastructure.<\/p>\n

Hyperscalers, including Alphabet, Amazon, Meta Platforms, and Microsoft, have all raised capital expenditure forecasts for 2026, with combined spending expected to approach $725 billion.<\/p>\n

Longer-term projections from analysts at Bank of America and Evercore suggest total capex could exceed $1 trillion by 2027.<\/p>\n

Such spending is expected to underpin demand for Nvidia\u2019s graphics processing units, which remain central to AI workloads.<\/p>\n

Underperformance versus peers<\/h2>\n

Despite the positive backdrop, Nvidia has underperformed several semiconductor peers in recent weeks<\/a>.<\/p>\n

Over the past month, shares of Advanced Micro Devices<\/a> and Micron Technology have surged approximately 90% and 76%, respectively, while Nvidia has risen about 19%.<\/p>\n

More recently, Nvidia has traded largely flat since late April, even as Intel and Micron gained more than 30%, and AMD advanced around 20%.<\/p>\n

The divergence reflects evolving dynamics within the AI ecosystem.<\/p>\n

Earnings from major technology companies have highlighted bottlenecks in memory chips and increasing progress in the development of in-house semiconductor solutions, such as Alphabet\u2019s tensor processing units and Amazon\u2019s Trainium chips.<\/p>\n

While these developments could enhance efficiency for hyperscalers, they also introduce competitive pressures for external suppliers.<\/p>\n

Nvidia stock’s broader pressures<\/h2>\n

Some analysts have noted that Nvidia is increasingly being viewed as a broader proxy for the AI sector rather than a single stock, reflecting its dominant position in GPUs.<\/p>\n

This shift has led to a perception that the company trades more like a value-oriented investment within the sector, despite its role at the forefront of AI innovation.<\/p>\n

Nvidia\u2019s recent performance highlights a balance between strong structural demand and evolving competitive and valuation dynamics.<\/p>\n

While continued investment in AI infrastructure supports long-term growth prospects, investors are closely watching for clearer signals on profitability, competitive positioning, and sustained demand from both hyperscalers and emerging enterprise customers.<\/p>\n

The post Nvidia stock jumps another 3%: analyst sees more upside ahead<\/a> appeared first on Invezz<\/a><\/p>\n

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Shares of Nvidia (NVDA) rose on Thursday, extending gains from the previous session as the broader semiconductor sector rallied.The stock was up around 3% at $213.53 in early trading, after climbing 5.8% on Wednesday and reclaiming the closely watched $200 level.Analyst reaffirms bullish outlookGoldman Sachs reiterated a Buy rating on Nvidia with a $250 price…<\/p>\n","protected":false},"author":1,"featured_media":2833,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2832","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/posts\/2832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/comments?post=2832"}],"version-history":[{"count":0,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/posts\/2832\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/media\/2833"}],"wp:attachment":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/media?parent=2832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/categories?post=2832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/tags?post=2832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}