Wall Street veterans and analysts set bold new price for Nvidia — is it headed for another record run?
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Nvidia's New Price Target: $175 and Rising
More Analysts Are On Board
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Nvidia CEO Jensen Huang Heads to China
Huang's Stance on China and AI
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Nvidia recently hit a $4 trillion market cap, and one of Wall Street's veteran analysts highlighted that the company's rise might be far from over and even set a bold new price for Nvidia's stock, as per a report.The AI chipmaker has already watched its stock surge almost 22% in 2025, and now the price targets keep going up as an experienced trader and contributor to TheStreet Pro, Stephen Guilfoyle, recently increased his Nvidia price target to $175, following his previous $165 estimate that was rapidly achieved, according to The Street report.Guilfoyle wrote in The Street Pro's column, saying that his $165 target price has essentially been met and will likely be surpassed this week, as per the report.ALSO READ: What is the Voting Rights Act, the 1965 law that changed America — and why it's back in the spotlight now He's not alone in doubling down on Nvidia's strength.On July 10, Goldman Sachs' James Schneider initiated coverage of Nvidia with a buy rating and price target of $185 for Nvidia stock, according to The Street report. He said that the AI investment cycle is in transition but can sustain growth from current levels, as per the reportOnly a few days before that, on July 7, Citi analyst Atif Malik increased the price target for Nvidia to $190, from an earlier $180, according to The Street report. Malik attributed the growth to Nvidia's overall addressable market for AI chips, now projected to be $563 billion by 2028, as per the report. That's a 13% increase from Citi's earlier projection, driven partly by increasing demand by governments building national AI infrastructure, as reported by The Street.ALSO READ: Are you 65 or older? You could get a $6,000 bonus tax deduction under Trump's new law Meanwhile, CEO Jensen Huang is set to visit Beijing, where he will be meeting with high-ranking Chinese officials, including the nation's commerce minister, according to a Bloomberg report. He will be attending the International Supply Chain Expo, a key event organized by the Chinese government from July 16 through July 20, as per the report.Huang's visit is at a sensitive moment, as the United States and China have set an August 12 deadline to agree on settling trade frictions that would add new tariffs, some of which were initially imposed at over 100%, as reported by The Street. Without an agreement, US president Donald Trump might restore more import restrictions that were initially imposed during the April and May tariff talks, as per a Reuters report.Guilfoyle wrote in his recent column, "How Huang comes out of this meeting will be key," as quoted in The Street report. He added, "So will be what comes of the continued negotiations between Washington and Beijing that come with their August 12 deadline of their own," as quoted by The Street.The Nvidia CEO has long resisted US limits on chip sales to China and has accused the controls of being a "failure," claiming they're damaging American business more than they're hurting China, as per the report. He's also cautioned lawmakers that China is rapidly advancing in AI and may soon narrow the gap with the United States, according to The Street report.In earlier remarks, Huang had highlighted that selling AI technology to China is necessary if the US is to maintain its status as a world leader in AI, as per the report. He noted that Nvidia has been in China for 30 years and has extensive experience with computing as well as the Chinese market, according to The Street report.Because of stronger-than-expected demand in AI, especially from governments investing in their own AI infrastructure, as per The Street report.Estimates are rising — $175 from Stephen Guilfoyle, $185 from Goldman Sachs, and $190 from Citi.
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