Nvidia Stock Gains as Analysts Lift Targets on Strong Demand for AI Platform [Video]

Nvidia (NVDA) shares climbed Monday as analysts lifted their price targets for the stock, citing “exceedingly robust” demand for the chipmaker’s upcoming Blackwell platform.

Shares of Nvidia surged over 3% to above $130 before paring back some gains in early trading Monday after UBS analysts boosted their price target for the stock to $150 from $120, while Wolfe Research analysts lifted their objective to $150 from $125.

UBS analysts reported supply chain checks indicated “demand momentum for Blackwell rack-scale systems remains exceedingly robust” as Nvidia works to strengthen its supply.

They added that demand for Nvidia’s data center components is “in part being driven by the enhanced power efficiency” amid concerns about power constraints affecting artificial intelligence (AI) computing.

Wolfe Research analysts also said their expectations improved as “recent supply chain checks show a path to 50%+ content growth for NVDA GPUs” in 2025.

UBS analysts said the order pipeline for Nvidia’s data center …