NVIDIA Stock Price at $177 NVDA Eyes $215 Breakout and $300 Long-Term Target

NASDAQ:NVDA Stock Holds $177 as AI Demand Keeps Momentum Alive

NVIDIA (NASDAQ:NVDA) trades at $177 per share, equating to a market cap of $4.31 trillion. Despite regulatory setbacks in China and notable insider selling, the company remains near record highs, supported by hyperscaler spending and unmatched profitability. Investors continue to treat NVDA as the backbone of global AI infrastructure, with resistance ahead at $185–$190 and upside targets stretching toward $200–$215.

Explosive Data Center Performance Drives Record Margins

NVDA’s data center revenue climbed 56% YoY to $41.1 billion, cementing its role as the main growth engine. The rollout of Blackwell Ultra GPUs accounted for nearly half of total Blackwell shipments, and demand remains supply-constrained. Gross profit expanded to $33.85 billion with a 72.4% margin, while operating income reached $28.44 billion at 60.8% margin. Net income soared 59% YoY to $26.42 billion, representing a 56.5% net margin, numbers rarely seen at this scale in the semiconductor industry.

Hyperscalers Push CapEx Beyond $88 Billion in a Single Quarter

Amazon, Microsoft, Meta, and Alphabet increased combined CapEx by 67% YoY to $88.25 billion in Q2 2025, with trailing twelve-month spend at $291.3 billion. Oracle added further fuel with a $35 billion CapEx commitment, while CoreWeave reported an 85% increase in backlog to $30.1 billion. These figures show no slowdown in infrastructure investment, directly supporting NVDA’s multi-year growth runway. Analysts expecting moderation in demand risk underestimating this acceleration.

Microsoft–Nebius $19 Billion Deal Extends NVIDIA’s Market Reach

The partnership between Microsoft and Nebius, valued at $19 billion, will require massive GPU deployments, significantly boosting NVDA’s order book. Nebius currently runs ~50MW of GPU capacity, mostly H100s, and plans to double capacity to 100MW. With Microsoft’s contract, orders for Blackwell GPUs will increase further. NVDA also benefits directly as a shareholder, owning 1.19 million Nebius shares acquired at ~$21.30 each. With Nebius trading near $93, NVIDIA’s stake is now worth 334% more, adding nearly $34 million in mark-to-market gains.

Unmatched Profitability at Massive Scale

NVDA’s trailing twelve-month revenue stands at $165.2 billion, up 27% YoY, while net income is $86.6 billion, a 52.4% margin. The company is on track to hit $200 billion in revenue in FY2025, which would represent 53% growth. Profitability is equally staggering: operating margins remain near 60%, and forward net income could surpass $100 billion annually. By FY2027, consensus sees $7.51 EPS, nearly 70% growth from FY2025 levels.

Valuation Still Looks Inexpensive Against Peers

At ~39x forward earnings, NVDA trades cheaper than slower-growth peers like Apple, which carries a 26x multiple with <20% EPS growth forecast. Costco trades at 53x forward earnings despite a 2.9% margin compared to NVIDIA’s >50% net margin. If NVDA sustains projected EPS expansion, a fair multiple of 31–32x FY2027 earnings would value shares above $200, with room for further expansion toward $250–$300 as buybacks reduce share count.

China Risks Present, but Already Priced In

China regulators accused NVDA of violating terms of its $6.9 billion Mellanox acquisition, creating uncertainty over penalties. At the same time, Beijing blocked sales of H20 and Blackwell GPUs, effectively shutting NVDA out of a market that once contributed 20% of revenue. Management has removed China from forecasts, treating it as permanently excluded. That means current projections already reflect worst-case conditions, making re-entry optional upside rather than a requirement for growth.

Insider Selling and Institutional Confidence in NASDAQ:NVDA

Insider activity showed director Mark Stevens selling $88.6 million worth of stock in September at prices between $177.47 and $178.19. While substantial, Stevens retains over 19 million shares across trusts and direct holdings. NVDA also announced a $60 billion buyback program, supplementing the $14.7 billion already authorized. This will shrink the float, drive EPS higher, and reinforce institutional confidence. Short interest remains below 1%, while demand from pension funds and sovereign investors continues to rise.

Technical Setup Suggests Higher Targets Ahead

Shares trade near the 52-week high of $184.48, with RSI at 55, well below Broadcom’s overheated 70+. Support is firm at $170–$172, while a breakout above $185–$190 could trigger a move toward $200–$215, aligning with JPMorgan’s reiterated price target of $215. Option markets show heavy call positioning at the $200 strike, reflecting bullish sentiment for a near-term test.

Strategic Expansion Beyond Chips Secures Recurring Revenue

NVDA is no longer just a chipmaker. Platforms like CUDA, TensorRT-LLM, and Dynamo are already used by more than 6 million developers. New sovereign AI initiatives across France, Germany, Italy, Spain, and the U.K. showcase how NVDA is embedding itself in national infrastructure. Robotics, self-driving, and industrial automation are next-stage growth markets where NVDA’s full-stack model will generate recurring software and platform revenues on top of hardware dominance.

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