Nvidia’s shares kept dropping on Friday. This continued the selloff that started right after the company released its latest earnings. The results were strong at first. The stock even went up for a short time. But the excitement faded quickly as the broader market turned weak and fears about the economy took over. Worries about how long the AI boom can last also added pressure.
Nvidia’s stock fell two percent on Friday and closed at one hundred seventy five dollars and sixty four cents. Before that, it had already dropped more than three percent the day after earnings. The fall also dragged down other chipmakers. AMD and Broadcom both slipped about three percent.
Even with all the noise about a possible AI bubble, many analysts still believe Nvidia’s business is solid. They say the company’s revenue is growing fast and its chips keep working for many years. Nvidia said that even its A100 chips, which came out six years ago, are still running at full use. One analyst from Truist said this is a sign that the market is not in a bubble because the demand is real, not imaginary. He even raised his price target to two hundred fifty five dollars and kept a Buy rating.
More analysts shared similar views. A UBS analyst said Nvidia’s profits could grow a lot over the next few years. He expects earnings in 2027 to be much higher than what most analysts predict. He believes Nvidia is becoming even stronger in powering different kinds of AI, from text to video and across many industries. He kept a Buy rating and set a target of two hundred thirty five dollars.
Morgan Stanley also raised its price target to two hundred thirty five dollars. The firm said Nvidia continues to perform at an extremely high level. It highlighted that Nvidia’s revenue increased by ten billion dollars in just one quarter and even beat expectations by three billion. The bank expects another big jump in revenue in January. It said there is still massive demand left unmet, which supports more growth ahead.
Goldman Sachs raised its target as well, moving it to two hundred fifty dollars. The bank kept its Buy rating and said Nvidia’s advantage in AI training is long-lasting. It also said the current stock price still looks reasonable given Nvidia’s strength and future potential.
Outside the stock market, Nvidia’s partnerships around the world continue to grow. Foxconn announced that a huge one point four billion dollar supercomputing center it is building with Nvidia will be finished in the first half of 2026. This will be Taiwan’s biggest advanced GPU center. It will run on Nvidia’s new Blackwell GB300 chips. The center will also be the first GB300-powered AI facility in Asia.
A vice president at Nvidia said that because GPU technology changes so quickly, building separate data centers may not be the smartest move anymore. Renting computing power could make more economic sense for many companies. Foxconn, which is best known for assembling iPhones, has been expanding into electric vehicles and AI data centers. It is now Nvidia’s main manufacturer of AI racks, which are powerful server systems built for heavy AI tasks.