Will Nvidia Stock Hit the $200 Mark?

Nvidia (NVDA) stock has been trending steadily higher over the past couple of years, delivering stellar capital gains of about 1,053% for its shareholders since October 2022. The company is a leader in the graphics processing units (GPUs) central to the artificial intelligence (AI) revolution. With soaring demand for its AI offerings, Nvidia is the market's top-performing mega-cap stock.

However, like any high-flying stock, Nvidia recently faced some turbulence. Concerns have emerged around a potential slowdown in AI spending, delays in the release of its much-anticipated AI GPU, “Blackwell,” and mounting pressure on profit margins. These issues led to a temporary pause in the stock's meteoric rise.