Nvidia stock forecast: Can SpaceX’s $40B chip financing push NVDA toward $250?
Nvidia continues to set fresh all-time highs as another major development underscores the enormous demand for AI infrastructure. But the higher the stock climbs, the more investors are beginning to weigh the risks of an overheated and increasingly concentrated tech rally.
According to Bloomberg, SpaceX is planning to raise $40 billion in financing to purchase Nvidia chips, with Apollo Global Management expected to lead the transaction.
The financing package is expected to include roughly $10 billion in bank loans and $30 billion in investment-grade debt, with completion targeted for 2027. The deal has not yet closed, but its potential scale once again highlights how much capital major companies are prepared to commit to AI computing infrastructure.
$236.54 support defines Nvidia’s next move
Nvidia fully played out the scenario outlined in the previous analysis. The stock reached the $240 target and went on to set a new all-time high at $243.37.
Opening short positions while a stock is making fresh record highs remains particularly risky. For a bearish setup to emerge, NVDA would first need to fall below $236.54. A break and sustained move under that support level would provide the first meaningful sign of weakness.
In that case, the nearest downside target would be the October 2 gap near $232.29.
If the shares continue to hold above $236.54, attention will shift toward the next psychological resistance level at $250.
BofA flags bubble risk but keeps investors exposed to tech
Nvidia’s rally is also unfolding against the backdrop of an increasingly concentrated advance across the technology sector. Bank of America strategists note that a relatively small group of AI stocks continues to push the Nasdaq 100 toward record levels, while weak market breadth is one of the classic warning signs associated with bubble formation. U.S. technology currently ranks among the categories with the highest readings on the bank’s Bubble Risk Indicator.
Even so, BofA is not recommending that investors abandon further upside altogether. Rather than simply increasing outright exposure, its strategists favor limited-risk structures, including call spreads on QQQ.
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