Nvidia Stock Falls. Why It's Still 'Leading the Charge' in AI Chips. -- Barrons.com

Dow Jones04-20 19:44

By Adam Clark

Nvidia was falling early on Monday but Wall Street analysts are upbeat on the chip maker.

Nvidia shares were down 1% at $199.75 in premarket trading. Shares have been on a strong run recently, gaining 15% in the past month and breaking past the $195 mark which has been the recent top of its range.

Analysts are betting on further gains due to strong artificial-intelligence infrastructure spending.

"AI continues to be the major bright spot across our coverage. NVIDIA continues to lead the charge here, as it guided its Blackwell/Rubin revenue to reach >$1 trillion through the end of 2027," Susquehanna analyst Christopher Rolland wrote in a research note on Monday.

Rolland has a Positive rating and $250 target price on Nvidia stock.

Last week, Oppenheimer analyst Rick Schafer backed Nvidia as one of his top picks heading into semiconductor earnings season, with an Outperform rating and $265 target price on the shares.

Write to Adam Clark at adam.clark@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

 

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April 20, 2026 07:44 ET (11:44 GMT)

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