Nvidia (NVDA) stock looks ready to hit a new all-time high this week, with a potential record-breaking Q4 2024 earnings report looming. The chipmaker will release its latest earnings report on Wednesday, February 26, and Wall Street analysts are expecting a boom. With AI demand surging on Wall Street in 2024, the sector’s undeniable leader was a top performer amongst all stocks. With NVDA shares climbing 70% in the past year, the trend is expected to continue in 2025, starting with this next earnings release.
Although it is still trying to rebound from a panic sell-off that took place earlier in the year, there are many who project Nvidia stock to reach the $200 mark in 2025. The spearheaded advancement of Nvidia stock reflects in Wall Street’s overwhelming confidence, with 30 Buy and 2 Hold ratings. Various major analysts project a 12-month average price target of $179.77, suggesting a 34% upside. Meanwhile, the company’s eight consecutive quarters of exceeded earnings expectations spark even more bullish optimism.
Nvidia To Reach ATH of $200 in 2025?
Entering 2025, there were few companies that had the kind of potential that Nvidia had. Riding the AI wave, the company had a chance to be the first to reach a $4 trillion market cap. While having a slow start to 2025, things can quickly ramp up in that mission following Wednesday’s earnings. Many analysts see a clear beat and raise on the horizon, with AI spending skyrocketing.
Furthermore, the Magnificent 7 tech giants are set to pour $325 billion into capital expenditures in 2025. This is up from nearly $100 billion last year driven by the AI boom. Nvidia remains at the center of this surge, with Blackwell architecture chips in such high demand that supply can’t keep up. Analysts are calling for $38.15 billion in revenue and earnings of $0.85 per share, keeping Nvidia’s winning streak alive.
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NVDA stock has already climbed 20% from its late January lows, with analysts seeing even more room to run. Following a positive Q4 2024 earnings report on Wednesday, Nvidia could breach a new high quickly and strongly, upwards of $220 according to some analysts.