Nvidia Consolidates Near $187 as AI Dominance Persists

Nvidia's stock is consolidating around $187 after pulling back from highs above $200, with near-term support near $185 and resistance in the $190–$200 range while traders await upcoming earnings. The company has reinforced its dominance in GPUs and AI infrastructure—powering hyperscalers, AI PCs and developer ecosystems like CUDA—and reported strong revenue growth (recent quarterly revenue rising from roughly $35B to about $46.7B). Analysts remain broadly bullish with many buy ratings and price targets in the low $200s, including Goldman Sachs raising its 12‑month target to $210 and other firms (KeyBanc) issuing high targets. Material risks include premium valuation metrics (elevated P/Book and P/S), potential revenue-quality concerns such as “circular” revenue from investee-financed GPU purchases, and execution and demand-sustainability uncertainty as next‑generation chips roll out and Nvidia increases exposure to nontraditional and sovereign customers. Overall, Nvidia presents a high‑conviction growth story driven by market share and partnership-driven demand, tempered by valuation and structural risks that could influence near‑term momentum.