Nvidia (NASDAQ:NVDA) continues its remarkable run, gaining momentum as demand for AI chips remains strong. Following bullish guidance from major supplier Foxconn, analysts believe Nvidia stock has significant upside potential. But can Nvidia sustain its growth, and is now the right time to invest?

Foxconn’s AI Revenue Boosts Nvidia Stock

Foxconn, formally known as Hon Hai Precision Industry, recently projected that its AI server revenue will surpass 1 trillion New Taiwanese dollars (approximately $30 billion) in 2025. This announcement reinforced investor confidence in the broader AI trade, with Nvidia standing as a key beneficiary.

Foxconn is building the world’s largest AI server manufacturing plant in Mexico, set to produce high-performance servers featuring Nvidia’s GB200 AI chips. This development signals strong ongoing demand for Nvidia’s cutting-edge technology, easing concerns about potential slowdowns in the AI sector.

Why Nvidia Stock Is Gaining on Foxconn’s Earnings

Foxconn’s bullish forecast reassured investors that AI growth remains robust. As a result, Nvidia stock has climbed nearly 10% in the past five trading sessions.

Additionally, the upcoming GPU Technology Conference (GTC), scheduled for March 17, is being viewed as another catalyst that could push NVDA even higher. Industry experts anticipate announcements regarding new partnerships and updates on Nvidia’s Blackwell Ultra and Rubin architectures, which could further solidify the company’s dominance in AI computing.

Analyst Predictions: Can NVDA Reach $200?

Bank of America analyst Vivek Arya remains highly optimistic about Nvidia’s future. He expects the company to unveil significant advancements in autonomous vehicles, robotics, and quantum computing at the GTC conference.

Arya has a “Buy” rating on Nvidia stock and a price target of $200, suggesting a potential upside of 65% from current levels. He also highlighted that Nvidia shares are trading at about 25 times forward earnings estimates, below their five-year average of 40 times—making the stock relatively attractive despite its recent surge.

Wall Street’s View on Nvidia Stock Forecast

Wall Street analysts continue to maintain a bullish stance on Nvidia, with the stock carrying a consensus rating of “Strong Buy.” The average target price for NVDA stands at $176, indicating a potential 45% upside.

Even after a significant rally, investors remain confident that Nvidia’s leadership in AI, strong financials, and ongoing innovation will drive long-term gains.

Should You Buy Nvidia Stock Now?

With demand for AI chips showing no signs of slowing and Nvidia at the forefront of AI innovation, NVDA stock remains a compelling investment. The combination of strong earnings, favorable industry trends, and upcoming catalysts could push the stock toward the $200 target predicted by analysts.

However, potential risks include market volatility, broader economic conditions, and possible regulatory challenges. Investors should weigh these factors before making a decision, but Nvidia’s growth trajectory suggests that it remains one of the most promising stocks in the AI space.

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