Nvidia Stock Just Touched a New All-Time High. Here Is Where Options Data Says NVDA Could Be Headed Next

Nvidia (NVDA) printed an all-time high of $191.05 on Thursday as investors continued to cheer its $100 billion partnership with OpenAI, cementing its leadership in artificial intelligence (AI) hardware.

Shares of the chipmaker have pushed higher in recent weeks also because the Federal Reserve lowered interest rates by 25 basis points on Sept. 17, triggering a broader rally in the high-flying tech stock.

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Including today’s gains, Nvidia stock is up roughly 120% versus its year-to-date low set in early April.www.barchart.com

TD Cowen Sees Upside in Nvidia Stock to $235

TD Cowen analyst Joshua Buchalter remains convinced that NVDA stock could push significantly higher from here through the remainder of 2025.

Other than the OpenAI partnership, Buchalter attributes his constructive view on the AI behemoth partly to its high-speed interconnect technology NVLink.

“Nvidia is the market incumbent with its NVLink offering, and we see the proliferation of Nvidia-based systems as a wide moat for the company in the scale up switch market,” he told clients.

TD Cowen maintains its “Buy” rating on Nvidia shares and sees upside in them to $235, indicating potential upside of another 23% from current levels.

Where Options Data Suggests NVDA Shares are Headed

Options data from Barchart also currently paints a bullish picture for Nvidia stock as traders seem to be positioning for continued upside.

Contracts expiring on Dec. 19 suggest Nvidia will trade within the range of $165.39 and $214.35, indicating potential for significant further gains through the end of 2025.

In the near term, the expected move through the next of next week is 3.59%, with a projected range of $183 to $196.

Given Nvidia’s recent momentum, including its $100 billion partnership with OpenAI and a string of AI infrastructure milestones, the upper bound sure looks more likely to materialize.

In short, investors are increasingly pricing in further gains as NVDA shares cement their role as the backbone of next-gen computing.

Nvidia Remains a ‘Buy’-Rated Stock Among Wall Street Analysts

Wall Street analysts agree with the bullish signal embedded in the options data as well.

The consensus rating on Nvidia stock remains at “Strong Buy” with the mean target of about $215 indicating potential upside of another 13% from here.

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This article was generated with the support of AI and reviewed by an editor. On the date of publication, the editor did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com

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