Wall Street is growing more bullish on Nvidia, with analysts now projecting as much as 46% upside for the chipmaker's stock, according to reporting by Yahoo Finance and Insider Monkey. The optimism is driven by what analysts describe as continued and expanding demand for artificial intelligence infrastructure — the kind of computing power that Nvidia's chips are uniquely positioned to supply.
The bullish case has drawn attention partly because of timing. Multiple outlets, including Yahoo Finance and The Globe and Mail, have raised the question of whether investors should buy Nvidia shares before June 24 — a date that appears to carry significance for the stock, though the sources do not specify the exact catalyst tied to that date.
Sentiment from retail and institutional investors alike appears broadly positive. A Moomoo analysis outlined a bullish thesis on Nvidia amid what the platform framed as a competitive stock-picking context, reflecting the wide interest the company commands beyond traditional financial circles.
Longer-term outlooks are also circulating. Fathom Journal published a piece examining where Nvidia's stock price could land in ten years, underscoring how the company has shifted from a niche graphics card maker into a central pillar of the global AI buildout.
The 46% upside figure, cited by both Yahoo Finance and Insider Monkey, represents the consensus gap between Nvidia's current trading price and the average analyst price target — a meaningful signal that professional forecasters still see significant room to run even after the stock's dramatic recent gains.
For everyday investors, the story is simple: the people whose job it is to value companies think Nvidia is still underpriced, and the reason comes down to one word — AI.