On Wednesday, October 15, HSBC raised its price target on Nvidia (NASDAQ: NVDA) to a new Street-high price target of $320, nearly 80% above current levels, as the AI chipmaker unveiled a new $40 billion partnership with BlackRock to acquire Aligned Data Centers.
The deal marks a new phase in Nvidia’s push into data center infrastructure, strengthening its dominance in the artificial intelligence supply chain. For investors, it raises the question: is the market underestimating just how far Nvidia can go?
Wall Street’s boldest NVDA bet yet
HSBC’s $320 target is the most aggressive forecast among major banks and significantly above Nvidia’s Wednesday close of around $179.
It assumes Nvidia’s unrivaled GPU pipeline, explosive demand from hyperscalers, and partnerships like the BlackRock-aligned deal will translate into another year of hypergrowth.
But is the call realistic, or just a case of analyst exuberance?
What AI forecasts for NVDA
To test the outlook, Finbold turned to OpenAI’s latest model, ChatGPT-5, for an independent prediction. Unlike HSBC’s sky-high call, the AI model expects a more measured climb: a 25–30% gain over the next 12 months, placing NVDA at roughly $225 by late 2026.
Based on the AI’s forecast, which relied on historical trends and the ongoing developments with BlackRock, the stock is on an upward trajectory, although it is not as steep as HSBC’s figure suggests. Namely, ChatGPT predicts that Nvidia is likely to gain between 25% and 30% and trade at about $225 within a year.
This cautious optimism is in sharp contrast with enthusiastic predictions given by human analysts, who do not shy from prices in the $300 ballpark.
Like the bank, OpenAI’s algorithm assumed the GPU giant’s strong positioning in AI and data center infrastructure is likely to be the key catalyst for growth.
However, it cautioned that risks such as those faced in the Chinese market, as well as competition from the likes of AMD (NASDAQ: AMD) and Intel (NASDAQ: INTC), could affect the supply chain and impede progress.
Nvidia stock forecast
Elsewhere, the average NVDA forecast based on a total of 37 Wall Street ratings collected on the market research platform TipRanks, aligns perfectly with the $225 ChatGPT forecasted.
The aggregated analyses suggest Wall Street is nearly unanimous in giving the stock a “Strong Buy” rating, as only one analyst gave it a “Hold” and one a “Sell” recommendation. The average price itself suggests a 23% upside potential, also agreeing with ChatGPT’s conjecture.
NVDA stock outlook: The bottom line
Ultimately, whether traders side with HSBC’s bullish $320 target or the AI’s more moderate $225 projection will depend on how much faith they are willing to put into Nvidia’s ability to sustain its current growth and forge high-profile partnerships.
Right now, the Wall Street consensus appears to be closer to ChatGPT’s calculations, suggesting we’re more likely to see steady long-term growth rather than a parabolic rally. Nonetheless, Nvidia is still the sector leader, and if the past is anything to go by, the stock could still pull an ace.
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