Shares of Nvidia (NVDA) are rising in pre-market trading on Monday. With no company-specific news in sight, the move appears to be a continuation of Wall Street last-week’s rally. At the time of writing, Nvidia shares are up roughly 2% in pre-market trading. Over the last 5 trading days, NVDA stock gained almost 2%.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
What’s Behind Nvidia’s Recent Stock Rally?
On Friday, NVDA stock rose 4% after U.S. regulator, the Federal Trade Commission (FTC), cleared a planned $5 billion investment in Intel (INTC).
First announced in September 2025, the agreement involves Nvidia buying Intel shares at $23.28 each. Beyond the investment, the two companies also plan to collaborate on future data center and personal computing products, combining Intel’s CPUs with Nvidia’s GPU chiplets. For Nvidia, the deal offers greater manufacturing flexibility at a time when demand for AI chips continues to surge.
Bullish Analyst Ratings Push NVDA Stock Higher
Apart from the Intel deal, Nvidia’s stock has been gaining traction lately as top Wall Street analysts weigh in on the company’s prospects.
Last week, five-star-rated analyst Stacy Rasgon at Bernstein reiterated his Buy rating on NVDA with a price target of $275, predicting an upside of over 50%. He noted that Nvidia shares have been mostly flat since July, which has brought the company’s valuation down to just under 25 times forward earnings after a 27% drop in its multiple this year. Rasgon added that Nvidia rarely trades at such low valuation levels. Overall, Rasgon believes Nvidia’s strong business fundamentals and the recent valuation reset make the stock attractive at current levels.
Meanwhile, Truist’s top-rated analyst William Stein raised his price target for NVDA stock from $255 to $275, keeping a Buy rating. Stein believes AI infrastructure semiconductor stocks are still “cheap” compared with their growth potential.
Similarly, Tigress Financial’s Ivan Feinseth raised his price target for Nvidia from $280 to $350 and kept a Buy rating. He calls Nvidia “a must-own core holding in the AI investment theme.”
Is Nvidia a Buy or Sell Stock?
According to TipRanks, NVDA stock has a Strong Buy consensus rating based on 39 Buys, one Hold, and one Sell assigned in the last three months. At $263.58, the Nvidia average share price target implies a 46% upside potential.
