By Trevor Jennewine
Publication Date: 2026-01-31 08:35:00
Nvidia shares could charge higher as artificial intelligence (AI) spending increases across data centers and autonomous vehicles.
Nvidia (NVDA 0.72%) shares have advanced 1,200% since January 2023, when viral adoption of ChatGPT led to intense excitement among investors.
Before sharing my prediction about where Nvidia stock will trade in December 2026, I want to discuss the most bullish and bearish forecasts among Wall Street analysts:
- At the bullish extreme, Mark Lipacis at Evercore recommends buying Nvidia. His target price of $352 per share implies 83% upside from the current share price of $192.
- At the bearish extreme, Jay Goldberg at Seaport Research recommends selling Nvidia. His target price of $140 per share implies 27% downside from the current share price.
Here’s what investors should know.
Image source: Getty Images.
The bull case: Nvidia stock soars 83% to $352 per share
Nvidia is an accelerated computing company best known for its graphics processing units (GPUs), chips that accelerate complex data center workloads like artificial intelligence (AI). Nvidia holds about 85% market share in the AI accelerator market, and the company is well positioned to maintain its leadership due to its full-stack strategy.
In addition to designing GPUs, Nvidia develops adjacent data center hardware like CPUs and networking gear. The company integrates those components into rack-scale systems, providing customers with a turnkey solution for AI infrastructure. Additionally,…