Nvidia Stock Called ‘Must-Own,’ ‘Once-In-A-Lifetime Opportunity’

Nvidia (NVDA) stock received price-target increases Monday from two Wall Street analysts who gushed about the chipmaker’s opportunity in artificial intelligence.

Melius Research analyst Ben Reitzes reiterated his buy rating on Nvidia stock and raised his price target to 185 from 165.

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In premarket trades on the stock market today, Nvidia stock climbed a fraction to 148.57.

Reitzes called Nvidia stock a “once-in-a-lifetime opportunity,” thanks to its exposure to the AI megatrend. And that trend is still in its early days as Nvidia ramps production of its next-generation AI chip, Blackwell, Reitzes said in a client note.

“Giving up on Nvidia here after its hit — Hopper — is like giving up on Apple at iPhone 1 or 2,” Reitzes said. “AI is still on the come with compute-intensive catalysts/use cases like text-to-video, autonomous agents, self-driving cars and visual intelligence in their infancy.”

Capital expenditure plans are “very solid” at the five biggest AI infrastructure spenders: Microsoft (MSFT), Amazon (AMZN), Meta Platforms (META), Alphabet‘s (GOOGL) Google and Oracle (ORCL), he said.

Reitzes forecasts data center capex at those companies to rise 24% in 2025 to $282 billion.

Nvidia Stock Is On Five IBD Stock Lists

Elsewhere, Piper Sandler analyst Harsh Kumar kept his overweight rating on Nvidia stock and upped his price target to 175 from 140.

“We are making Nvidia our top large-cap pick given the company’s dominant positioning in AI accelerators and the upcoming launch of the Blackwell architecture,” Kumar said in a client note.

He called Nvidia stock “a must-own” stock ahead of the Blackwell ramp.

Kumar said the total addressable market for AI accelerators will continue to rise in 2025 and Nvidia is “well positioned” to capture a lion’s share of the market.

The next potential catalyst for Nvidia stock will be the company’s fiscal third-quarter report on Nov. 20.

Nvidia stock is on five IBD lists: Leaderboard, SwingTrader, IBD 50, Sector Leaders and Tech Leaders.

On Oct. 17, Nvidia stock hit a buy point of 140.76 out of a 17-week consolidation pattern, according to IBD MarketSurge charts. The 5% buy zone extends to 147.80, based on IBD trading principles.

Follow Patrick Seitz on X, formerly Twitter, at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.

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