Nvidia stock price closed at $1,192

Nvidia stock price closed at $1,192.12, up 2.45% on Wednesday, driven by strong AI demand projections. Analysts forecast a potential short-term rally toward $1,250 if earnings growth sustains above 30% YoY in Q2 results. Palantir and Anduril both pushed back quickly. A spokesperson from Anduril said in a statement provided to Reuters that any concerns were already addressed and that the memo did not reflect "the current state of the program." And a Palantir spokesperson went further, telling Reuters that there were "no vulnerabilities found in the Palantir platform." Nvidia and Apple are components of the “Magnificent 7,” so let’s see how the MAGS ETF is performing. The Roundhill Magnificent Seven ETF is a tech sector-focused fund. Nvidia stock price is supported by a robust earnings outlook, with consensus EPS estimates at $6.45 for next quarter. Chart patterns show a potential breakout if it maintains support above $1,180 in heavy trading volumes.