Nvidia stock hits record high of above $154, analysts predict continued growth in AI market

From Yahoo Finance: 2025-06-26 09:38:00

Nvidia stock rose to a record high above $154, with Loop Capital analyst Ananda Baruah raising the price target to $250, predicting a $6 trillion market cap by 2028. Bank of America analyst Vivek Arya forecasts AI chip demand to reach $650 billion by 2030, with Nvidia as a key player.

Micron, a supplier for Nvidia, exceeded earnings expectations, citing strength in its AI business. Despite competition, Nvidia stock rebounded after struggles following the emergence of DeepSeek’s cost-effective AI model. The company reported impressive first-quarter earnings, beating Wall Street expectations and thriving despite Trump’s export ban to China.

Read more: Nvidia stock keeps rising after fresh record as analyst sees AI ‘golden wave’