Nvidia (NVDA) stock was up on Friday alongside reports that the GPU maker intends to restart production of one of its older graphics cards. According to these reports, Nvidia intends to re-release the RTX 3060 12 GB to meet the demand of gamers during a time when PC components are in short supply due to the AI boom.
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New trading tool for NVDA bearsIf Nvidia does start production of new RTX 3060 GPUs, it could alleviate a problem that gamers have with getting graphics cards with VRAM above 8 GB. Many AAA games are being made with more than 8 Gb of VRAM in mind, which has made it difficult for budget gamers to keep up with more demanding games. The 12 GB variant of the RTX 3060 would help alleviate these problems.
Gamers will also note that the RTX 3060 12 GB would likely face fewer supply issues than other modern GPUs, such as those in the RTX 50 Series line. That’s because the GPU uses GDDR6 instead of GDDR7 VRAM. This older VRAM isn’t in as high demand as GDDR7. The current reports claim the RTX 3060 12 GB will return in June 2026.
Nvidia Stock Movement Today
Nvidia stock was up 1.34% on Friday, extending a 7.71% year-to-date rally. The stock has also increased 95.44% over the past 12 months.
NVDA stock movement saw some 71.12 million shares change hands today, compared to a three-month average daily trading volume of about 163.25 million shares.
Is Nvidia Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Nvidia is Strong Buy, based on 41 Buy, one Hold, and one Sell rating over the past three months. With that comes an average NVDA stock price target of $273.57, representing a potential 35.95% upside for the shares.
