Nvidia stock to $175? 1 Wall Street analyst thinks so.

Nvidia (NASDAQ: NVDA) investors have faced excruciating volatility this year, and it’s likely to continue. After rising as much as 174%, the artificial intelligence (AI) chipmaker fell as much as 25% and now sits about 7% from its all-time high.

The company has a lot riding on the upcoming debut of its Blackwell processor, which promises to take AI to the next level. However, reports that the launch will be delayed hurt investor sentiment, holding back the stock.

One Wall Street veteran believes investors are missing the forest for the trees.

Loop Capital says Nvidia is a buy

On Monday, Loop Capital analyst Ananda Baruah reiterated his buy rating and $175 price target on Nvidia shares, representing potential gains for investors of 38% from Monday’s close. The analyst believes that while the Blackwell B200/GB200 AI chips May be delayed, production of current Hopper AI chips continues to accelerate, achieving higher yield. As such, the increasing availability of current Hopper processors — which are considered the gold standard — will more than offset any possible Blackwell delays.

The analyst has an idea. Earlier this month, Nvidia addressed the reports, saying, “As we previously stated, Hopper demand is very strong, extensive Blackwell sampling has begun, and production is on track (second half of 2024). Beyond that, we don’t comment on rumours.”

The rubber meets the road

On Wednesday, Nvidia is scheduled to report results for its fiscal second quarter 2025 (ended July 30), and investors will be watching the proceedings with keen interest. Management is targeting revenue of $28 billion, up 107% year-over-year. Wall Street is even more bullish, with analysts’ consensus estimates of $28.6 billion.

To be clear, at 46 times expected earnings, there’s plenty of upside built into Nvidia’s current share price. Management’s perspective and commentary on the broader state of AI adoption will likely be far more critical than the release date of a particular chip. I agree that Nvidia stock remains a buy.

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Danny Vena has positions in Nvidia. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy.

Nvidia stock to $175? 1 Wall Street analyst thinks so. was originally published by The Motley Fool