Nvidia stock up 4.3% amid bullish sentiment from top investors

Highlights

- Nvidia stock climbed 4.3% to $190.08 amid strong investor sentiment and AI-driven momentum.

- Top investor Keithen Drury remains bullish but cautions that future growth may be partially priced in.

- Short-term price action hinges on Q3 earnings and sustained hyperscaler investment.

From a technical standpoint, the short-term trend remains bullish. Nvidia is comfortably trading above its 50-day and 200-day moving averages, both of which are sloping upward—a sign of strong underlying momentum. The 50-day moving average sits near the $170 level, while the 200-day moving average has climbed toward the $130 range. These moving averages now act as critical zones of dynamic support.

Immediate resistance is evident near the all-time high zone of $195–200. If the stock manages a convincing breakout above this level, it would open the door toward the $210–220 area. On the downside, initial support is likely near $175, which served as a prior consolidation level during September. Further support can be found near the 50-day moving average at $170.

Nvidia stock price dynamics (August 2025 - October 2025). Source: TradingView

Technical indicators like RSI are in overbought territory, suggesting caution for short-term traders. While price action remains constructive, the extended rally increases the probability of a pullback or consolidation before the next leg higher. In short: Nvidia is in a clear uptrend, but nearing key resistance where profit-taking could emerge unless a fresh catalyst drives another breakout.

Top investor weighs in amid AI boom skepticism

A recent analysis published by TipRanks highlights diverging opinions around Nvidia’s valuation and future growth trajectory. The article cites Keithen Drury, a top-ranked investor, who maintains a bullish outlook on Nvidia but acknowledges the stock’s reliance on continued AI momentum. Drury states that Nvidia “could have massive growth ahead” if the AI trend continues, yet he warns that much of that future potential may already be priced in. He also highlights the concentration risk in Nvidia’s customer base, noting that a slowdown in spending by major players like Microsoft or Amazon could materially affect growth.

One concern raised is the circular revenue loop created by early AI adopters: major tech firms spending billions on Nvidia GPUs to build models, only to search for real-world monetization later. If actual AI-driven revenue generation lags behind infrastructure spend, capex budgets could normalize, slowing Nvidia’s growth.

Still, most Wall Street analysts remain bullish. HSBC recently raised its price target to $275, citing ongoing strength in data center demand and expectations that Nvidia will retain 80–90% market share in AI compute chips through at least 2025. Other firms, like Morningstar, estimate Nvidia's fair value at around $170, signaling that the stock is slightly overvalued in the near term.

Key levels hinge on Q3 earnings and AI capex

In a base-case scenario, assuming stable macro conditions and continued AI investment from hyperscalers (like Microsoft, Meta, and Amazon), Nvidia could rise toward the $210–220 range. A sustained breakout above $200, supported by strong Q3 earnings in November, would likely trigger new inflows and price target upgrades. The broader tech sector's bullish sentiment and rotation into AI infrastructure names could further amplify Nvidia’s momentum during the year-end rally.

In a bear-case scenario, if earnings guidance disappoints or AI infrastructure spending shows signs of slowing, a pullback to the $160–170 range is likely. This would represent a 10–15% correction from current levels and would still keep the long-term bullish trend intact. In that scenario, valuation compression and profit-taking from institutional holders could intensify selling pressure, especially if macro headwinds resurface.

Nvidia’s new partnership with Uber highlights its expanding role as a full-stack AI systems provider, beyond just chip manufacturing. The deal boosts investor confidence and strengthens Nvidia’s position within the enterprise AI ecosystem.

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