NVIDIA Corporation (NASDAQ: NVDA) is currently trading at $113.54, reflecting a slight decrease of 0.33% from the previous close.
Despite this minor dip, the stock has garnered significant attention from institutional investors, signaling strong confidence in the company’s future prospects.
Institutional Investors Amplify Their Stakes in NVIDIA
Over the past 24 months, institutional investors have acquired approximately 4.76 billion shares of NVIDIA, amounting to around $468.6 billion in transactions.
Prominent institutions such as Bank Julius Baer & Co. Ltd Zurich, Norges Bank, and Legal & General Group Plc have notably increased their holdings.
This surge in institutional investment underscores the growing confidence in NVIDIA’s strategic direction, particularly in the realms of artificial intelligence and data center technologies.
Analyst Nvidia Stock Price Targets Reflect Optimism
Analysts have set a 12-month average price target of $164.96 for NVIDIA, suggesting a potential upside of approximately 45% from the current trading price.
The highest forecast reaches $220, while the lowest stands at $102.50, indicating a broad consensus on the stock’s growth potential.
These projections are fueled by NVIDIA’s robust performance in the AI sector and its continuous innovation in GPU technology.
Financial Performance Highlights
In its latest quarterly report, NVIDIA announced a record revenue of $39.3 billion, marking a 12% increase from the previous quarter and a 78% rise year-over-year.
The company’s data center revenue also reached a record $35.6 billion, up 16% from the prior quarter.
These impressive figures highlight NVIDIA’s dominant position in the AI and data center markets, reinforcing investor confidence.
Nvidia reports earnings for Q1 2025 on May 28.
NVIDIA Outlook
The significant influx of institutional investments into NVIDIA, coupled with optimistic analyst forecasts and strong financial performance, indicates a positive outlook for the company’s stock.
Investors are closely monitoring NVIDIA’s advancements in AI and data center technologies, which are expected to drive future growth.