Nvidia shares climbed roughly 2% in Monday premarket trading as investors rotated back into large-cap technology and artificial intelligence stocks during a broader risk-on rally, according to MSN.
The move follows a rough session: NVDA closed May 15 down 4.42% at $225.32, dragged lower alongside most semiconductor stocks, according to Yahoo Finance data cited in an AOL report on a Keybanc price-target note issued ahead of Nvidia's earnings.
Against that volatile backdrop, 24/7 Wall St. is making the case that the stock is a bargain at $200 — but the argument rests almost entirely on CEO Jensen Huang being right about where artificial intelligence is headed. The outlet describes Huang as "a great man to listen to" for anyone seeking a preview of AI's trajectory, noting that his past predictions have carried weight.
The thesis is straightforward: if Huang's vision for the AI revolution plays out as he has outlined, current price levels represent an attractive entry point for long-term investors. The qualifier matters, though — it is an explicitly conditional call, not a guarantee.
Keybanc also set what the AOL report calls a "jaw-dropping" price target ahead of earnings, though the specific figure was not included in the available source excerpt.
Why it matters: Nvidia has become a proxy for the entire AI build-out, so how Wall Street prices the stock — and how much faith analysts place in Huang's roadmap — is a real-time gauge of confidence in the AI spending boom itself.