Nvidia Price Volatility Ahead of Developer Event

  • NVDA.us
    (${instrument.percentChange}%)

Nvidia's trading this week has been choppy. Notably, it charted a rare bearish outside day on Friday, in a day of high volatility, where the range from its high to low was $108. This hot-bloodedness comes just before its developer's event, which kicks off on Monday.

Last year's event saw Nidia announce a number of partnerships, and new products that helped train artificial-intelligence systems. Since then, its stock price has skyrocketed. As such, the market will be following this year's event closely.

BofA Global Research analyst Vivek Arya writes in a research note that "We expect NVDA to highlight total addressable market expansion opportunities beyond the four largest U.S. hyperscalers. Multi-$ billion opportunities exist from Tier-2/3 webscalers (CoreWeave, Lambda Labs), though also sovereign nations."

Moving beyond big U.S. tech companies could ease worries about Nvidia losing customers like Amazon, Microsoft, and Meta Platforms to their own chips. Also, Arya expects updates on Nvidia's new products and a clearer picture of future growth.

Arya's price target for Nvidia is $1,100, up from $925, and still views it as a Buy.

Russell Shor

Senior Market Strategist

Russell Shor is a Senior Market Strategist at FXCM, having been promoted to the role in 2025 in recognition of his depth of insight and consistent delivery of high-impact market analysis. He originally joined FXCM in October 2017 as a Senior Market Specialist.

Russell holds an Honours Degree in Economics from the University of South Africa, is a certified FMVA®, and a full member of the Society of Technical Analysts (UK). With over 20 years of experience in financial markets, his work is renowned for its clarity, precision, and strategic value across asset classes.

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