Heres when Nvidia stock will reach $150, according to ChatGPT-4o

The share price of Nvidia (NASDAQ: NVDA) seeks to build on the recent bullish momentum that saw the chipmaker clear key resistance levels in the short term.

On July 31, the semiconductor giant made history by registering the largest single-day gain in value across the stock market, adding $330 billion to its market capitalization and surging by 13%.

This growth shattered the previous Wall Street record, which the tech giant set on February 22 with a $277 billion gain. However, by press time, Nvidia had erased most of these gains, losing the $115 support area to trade at $113.58 with 24-hour losses of over 2%.

Overall, Nvidia, which had faced the threat of dropping below its long-term support of $100, saw record daily gains due to the expected demand for its processors. This anticipation was built on the fact that Microsoft (NASDAQ: MSFT) reported a massive increase in artificial intelligence (AI) expenditures, an area where the graphics card company has emerged as a leader. At the same time, NVDA received a boost from banking giant Morgan Stanley (NYSE: MS), which labeled the stock a “top pick.”

In reviewing the next Nvidia stock price targets, the $150 mark remains crucial for the long term. With analysts maintaining a bullish outlook for NVDA and given the stocks recent growth trajectory, attaining the $150 target seems plausible.

ChatGPT-4os take on NVDA stock

In this context, Finbold turned to OpenAI‘s latest AI model, ChatGPT-4o, to gather insights regarding the timeline of when the equity might hit $150. The AI tool acknowledged Nvidia’s status as a leader in GPU technology and AI innovation, which has driven the stocks growth.

According to ChatGPT-4o, the semiconductor firm has a track record of solid growth, with its stock price often reflecting the companys technological advancements and market expansion. Historically, the Santa Clara-based company has consistently outperformed market expectations.

The AI tool also stated that broader market conditions are crucial in stock price movements. Factors such as interest rates, inflation, and overall economic stability will impact the equity. In a bullish market with positive investor sentiment and strong financial indicators, NVDA share price could accelerate more quickly toward the $150 mark.

According to ChatGPT-4o, GPU manufacturer‘s quarterly earnings, product launches, and market share expansion are key drivers of its stock price. The company’s performance in these areas will be critical. Positive earnings reports, groundbreaking product launches, and successful expansions in sectors like gaming, AI, and autonomous vehicles could propel the chipmaker higher in a shorter time frame.

The timeline to $150

Considering these factors, ChatGPT-4o speculated that Nvidias stock could reach $150 within the next 6 to 18 months, assuming favorable market conditions and continued strong company performance. This timeline is based on historical growth patterns, current market conditions, company performance, and sector trends.

In summary, another element likely to help boost NVDA towards $150 is the upcoming second-quarter results on August 28, 2024. There is high anticipation that the results will be positive, considering the company has exceeded consensus estimates in its last four reports.