Nvidia ( (NVDA) ) has been popular among investors this week. Here is a recap of the key news on this stock.
Claim 30% Off TipRanks
New trading tool for NVDA bearsNvidia is leaning on an old favorite to ease pressure in its core gaming business, with reports saying the company plans to restart production of the RTX 3060 12 GB in June 2026. By reissuing this midrange card with higher VRAM, Nvidia aims to serve budget-conscious gamers who are struggling to find affordable GPUs that can handle new AAA titles amid supply tightness driven by the AI boom.
The RTX 3060’s use of older GDDR6 memory could also help Nvidia avoid the worst of current component shortages affecting newer GDDR7-based products like the RTX 50 Series. Investors appeared to welcome the move, with Nvidia stock rising 1.34% on Friday, extending a 7.71% gain year-to-date and a 95.44% jump over 12 months.
On Wall Street, sentiment around Nvidia remains bullish despite intensifying competition from European AI chip startups such as Euclyd, which claims far higher power efficiency than Nvidia’s latest GPUs but is still early-stage. Analysts tracked by TipRanks rate Nvidia a Strong Buy, with an average price target around $273, implying roughly 36% upside from the current ~$198 level.
While European challengers highlight long-term competitive and geopolitical risks, they also underscore how dominant Nvidia remains in AI hardware today. With strong stock momentum, robust analyst support, and strategic moves to shore up its gaming segment, Nvidia continues to be viewed as a key way to play both the AI and PC markets, though investors should monitor emerging rivals and export-control developments closely.