A stock trading expert highlighted that Nvidia’s (NASDAQ: NVDA) stock could reach a new record high in the first quarter of 2025, provided the current cycle surpasses the $145 mark.
This target seems within reach for Nvidia, especially since the stock has recently managed to stay in the green after facing the risk of dropping below the $130 level. At the close of the December 24 session, Nvidia was priced at $140.22, with year-to-date returns exceeding 190%.
According to Peter DiCarlo, Nvidia must break decisively above the $145 level to confirm that the recent downturn has reached a bottom, he shared the analysis in a December 24 post on X.
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If this happens, it could set the stage for a rally to $170 in the first quarter of 2025.
On the other hand, the analyst warned of a potential bull trap if the stock fails to maintain momentum above $145. In that case, Nvidia’s price could fall back to $120, where stronger support is expected to hold.
Should this lower level be reached, it would likely indicate the formation of a more definitive bottom, setting the stage for a rebound to $170 in the second quarter of 2025.
Nvidia stock fundamentals
If Nvidia maintains this year’s momentum, it will likely attract more interest in 2025, partly driven by its role in artificial intelligence (AI). Retail interest also played a key part in Nvidia’s performance, and if its fundamentals remain strong into the new year, these investors may continue to be a driving force.
Notably, in 2024, according to Vanda Research data, Nvidia emerged as the most bought stock by retail traders, with a staggering $29.8 billion in net inflows.
Looking ahead, Nvidia is supported by several fundamentals that could push the stock to break the $145 resistance. Most importantly, the company’s AI chips remain central to future investor interest. Investors will closely watch Hopper chips’ continued dominance, like the H100 and H200.
Additionally, with production progressing smoothly, attention will shift to the impact of next-generation Blackwell chips, which are expected to scale production significantly in FY2026 and contribute $5–$6 billion in upcoming quarters.
NVDA stock risk factors
Not all fundamentals look bullish for NVDA share price since risks remain, including concerns about market saturation and geopolitical challenges, such as antitrust probes in China, which caused Nvidia to drop below the $140 support zone.
Despite these hurdles, Nvidia’s leadership in AI and strong growth trajectory make the $170 target achievable in Q1 2025, supported by expanding its data center and AI chip businesses.
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