Following Nvidia’s (NASDAQ: NVDA) recent rally, insights from OpenAI’s ChatGPT point to early summer as the most likely window for the stock to reach its next record high.
Nvidia closed at a record $208 on Friday, up 4.3%. Strong AI demand and positive Intel earnings pushed its market capitalization past $5 trillion.
Nvidia stock price prediction
In its base case, the model sees Nvidia hitting a new high between June 3 and June 18, 2026, with a projected range of $228 to $242.
It identified the May 20 earnings report as the key catalyst. Even with strong results, considered likely, it expects a brief “sell-the-news” or sideways phase of up to 10 days, followed by a second rally as institutions reposition, putting a breakout two to four weeks after earnings.
The model also warned the rally may be “too clean” to continue without a reset, with a short-term pullback or consolidation in the $190–$205 range likely before another move higher. This pause could help build support and attract fresh buyers.
Beyond technicals, Nvidia’s growth story remains intact but is likely to unfold in phases as markets price in upcoming AI product cycles rather than extend gains in a straight line.
Using measured-move analysis from the $180–$210 rally, the model projects $18–$30 of additional upside, aligning with the $228–$242 target.
In a more bullish scenario, the stock could break out soon after earnings and reach $245–$260. A deeper correction, however, could delay new highs to July or August, with a pullback toward $180–$190 before recovery.
Nvidia’s historic rally
The outlook follows an 11-session winning streak, the longest in the technology company’s history, with shares rising about 18% in 10 days.
Investor enthusiasm centers on the Vera Rubin platform, unveiled at CES 2026 and expanded at GTC 2026. The system introduces a full-stack AI architecture with new chips designed for agentic AI, promising up to 10x lower inference costs and higher performance.
Shipments began in early 2026, with large-scale cloud deployments expected later this year.
CEO Jensen Huang has projected that combined sales of Blackwell and Vera Rubin chips could reach $1 trillion by 2027, underscoring the scale of global AI infrastructure growth.
Fundamentals remain strong after the firm reported record Q4 FY2026 revenue of $68.1 billion, including $62.3 billion from data centers.
Full-year revenue rose 65% to $215.9 billion, with margins near 75%. Q1 FY2027 guidance points to roughly $78 billion in revenue.
