With its 10-for-1 stock split, Nvidia (NASDAQ: NVDA) has received a necessary trigger to continue growing its stock price initiated in the last several months, and investors are wondering when the shares of the renowned artificial intelligence (AI) chipmaker could hit the price of $200.
Indeed, during the first trading day after the stock split, intended to make NVDA stock ownership more available to a larger number of investors, Nvidia shares recorded slight gains and price target revisions, with some stock market experts believing they could rise to account for 10% to 15% of the entire S&P 500 index.
ChatGPT-4o Nvidia stock price prediction
In this context, ChatGPT-4o, the most recent and advanced model of the OpenAI brainchild ChatGPT, has projected when Nvidia stock could hit the price of $200, setting this target to “within the next 1-2 years,” assuming continuous growth and positive market developments:
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“Market dynamics, technological advancements, and overall economic conditions will be pivotal in determining the exact timing.”
Specifically, to make this projection, ChatGPT-4o has used the latest technical analysis (TA) indicators and the recent 10-for-1 NVDA stock split as influencing investor sentiment and liquidity, as well as Nvidia’s leadership in the AI sector, which has “led to impressive earnings and revenue growth.”
Nvidia stock price analysis
For now, the price of Nvidia shares stands at $121.66, which indicates a 1% increase on the day, adding up to the 1.96% gain across the past week and accumulating a 34.43% advance in the last month while gaining 151.35% this year alone, as per data on June 11.
At the same time, Wall Street analysts have retained their optimism regarding the future performance of NVDA shares, rating them as a “strong buy” almost unanimously, with 37 experts recommending a ‘buy,’ and only three suggesting a ‘hold,’ with no votes for a ‘sell,’ as per most recent TipRanks data.
Ultimately, the semiconductor behemoth could hit the target price of $200 in the period suggested by the AI platform, but it is important not to rely solely on generative AI when making definite investing decisions, instead complementing its insights with one’s own due diligence, as the stock market trends can change.
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Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
