As Nvidia (NASDAQ: NVDA) stock faces short-term bearish price movement, an artificial intelligence (AI) model is projecting the equity is likely to trade above $200 by the end of November.
Notably, at press time, NVDA was trading at $198, having corrected more than 4% over the past week amid the broader market downturn. However, year to date, the American technology giant remains up nearly 50%.
NVDA stock price prediction
For the November outlook, Finbold consulted OpenAI’s ChatGPT model, which projected renewed momentum through the month, pointing to a potential recovery toward $214 by November 30, 2025.
According to the AI-based analysis, Nvidia’s stock is likely to trade within a range of $206 to $222, supported by strong institutional accumulation, robust demand for Blackwell GPUs, and sustained optimism surrounding the AI infrastructure build-out.
Despite the recent pullback, the analysis suggested that consolidation below the 50-day moving average reflects accumulation rather than distribution, often a setup preceding a rebound in growth equities.
Technically, the model noted that the stock maintains solid support near the $188 to $190 zone, an area where buyers have consistently stepped in during recent declines. Resistance is expected near $215 to $222, aligning with Nvidia’s early-October trading range.
The AI forecast indicated the stock could gradually advance toward its $214 midpoint target by late November as traders position for the next leg of AI-driven earnings growth.
Nvidia stock fundamentals
The semiconductor giant’s mid-November earnings will be key for near-term price action, with its data-center business continuing to benefit from strong hyperscale demand from Microsoft, Amazon, and Google. Analysts expect management to highlight expanding GPU supply and solid AI cloud orders, which could fuel a move back above $210.
Nvidia currently trades at about 59x forward earnings, elevated, but below prior peaks near 75x, reflecting its shift from a cyclical chipmaker to a long-term AI growth play.
Sentiment remains firm, supported by low short interest and steady institutional buying. However, expanded U.S. export curbs on advanced AI chips or a tech-sector pullback driven by rising yields could pressure shares and test support near $188.
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