Nvidia (NVDA) stock was up on Friday after the semiconductor company addressed rumors about its RTX 50 Series graphics processing units (GPUs). This rumor claimed that Nvidia planned to start the End of Life (EOL) process for its RTX 50 Series GPUs to better focus on its line of artificial intelligence (AI) graphics cards.
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Nvidia has confirmed that this isn’t the case. Instead, the company noted that the increased demand for RAM used in AI data centers has made it difficult to keep up with demand for its RTX 50 Series cards. There are no plans to EOL the RTX 50 Series GPUs, even if the company failed to announce any updates for the line at CES 2026, such as Super versions.
Nvidia noted that it has continued to negotiate with DRAM suppliers in an effort to obtain more for its GPUs, whether they are designed for use with AI or for consumer reasons. Nvidia’s statement tracks as manufacturers of its GPUs, who have had similar trouble keeping RTX graphics cards in stock due to the AI boom.
Nvidia Stock Movement Today
Nvidia stock was up 1.22% on Friday, extending a 1.53% year-to-date rally. The shares have also surged 35.83% over the past 12 months.
NVDA stock trading volume is limited today, as some 473,000 shares have changed hands this morning. For comparison, the company’s three-month daily average trading volume is about 150.77 million units.
Is Nvidia Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Nvidia is Strong Buy, based on 39 Buy, one Hold, and a single Sell rating over the past three months. With that comes an average NVDA stock price target of $263.44, representing a potential 39.26% upside for the shares.
