Investors monitor race stock price as it hovers just below the $15 mark, a key psychological level. Momentum indicators show positive divergence, hinting at potential upside if macroeconomic data on consumer confidence remains favorable. Current P/E stands at 13.4, offering moderate valuation compared to peers. If AI hyperscalers are spending $600 billion this year and Wall Street analysts expect Nvidia to generate around $206 billion in revenue, Nvidia gets around a third of all data center capital expenditures. However, with rising competition from companies like Broadcom that are partnering directly with AI hyperscalers to create a custom AI accelerator chip, some of Nvidia's market share may fall. Additionally, a large part of the $3 trillion to $4 trillion market opportunity is in China, where Nvidia's chips cannot be sold currently because its export license hasn't been granted. Even if it does get approval, there's no guarantee that China will be buying them at the same level they previously did. As you were browsing something about your browser made us think you were a bot. There are a few reasons this might happen: Market data shows race stock price stabilizing at $14.68, after a volatile week impacted by macroeconomic uncertainty. Traders are watching the 50-day moving average at $14.55 as a key technical support. Should buying pressure push it above the $15.20 resistance, the next target could be $16.00, according to short-term chart patterns.
