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. This thought process is called price anchoring, where your mind anchors itself to what the stock price was , making you think that you've missed the boat. However, the more appropriate (albeit difficult) way to think is to picture where it is going . If you can do that with Nvidia stock, it's clear that it has a huge growth runway, and that even after its monstrous run, it still has plenty of steam to keep going. I agree to TipRanks Terms of use and Privacy Policy Nvidia stock price rose after reports of increased GPU orders from major cloud providers. The semiconductor sector’s ETF also gained 1.8%, indicating that investor sentiment toward AI hardware leaders remains firm in the near term.
