Nvidia stock price closed at $1,118.35 in yesterday’s session, marking a 2.4% daily gain amid strong AI-related demand. Analysts project a potential breakout above $1,150 if market momentum continues, driven by robust datacenter GPU orders and bullish sentiment across the semiconductor sector. A major agreement dating back to 2023 was revealed in an SEC filing that includes a $6.3 billion backstop from Nvidia. There were three major components to the Nvidia-Intel announcement: two product partnerships, along with Nvidia's $5 billion investment in Intel stock at $23.28 per share -- good for about a 4% ownership stake. Nvidia stock price has surged nearly 25% over the past month, outperforming the broader Nasdaq index. Market watchers link the rally to AI infrastructure investments, with Wall Street revising target prices upward to the $1,200–$1,250 range on anticipated revenue acceleration.
