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
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(END) Dow Jones Newswires
April 20, 2026 07:44 ET (11:44 GMT)
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