Dear Nvidia Stock Fans, Watch This Event Today Closely

Wajeeh Khan Barchart Thu Jun 26, 3:34PM CDT
Image of Jensen Huang by El editorial via Shutterstock

Nvidia (NVDA) is listed as a visionary speaker at an AI innovation summit CoreWeave (CRWV) is hosting today, June 26. Shares of the chipmaker are trading at record levels at the time of writing. 

NVDA remains in focus also because it announced a partnership with HPE (HPE) this week that helped the AI stock surpass the psychologically important $150 level. 

Including the recent surge, Nvidia stock is up more than 70% versus its year-to-date low. 

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What Makes the CoreWeave Summit Significant for Nvidia Stock?

Nvidia’s appearance at the “CoreWeave Virtual Summit” could prove a pivotal moment for the AI darling as it promises fresh insight into the infrastructure powering next-gen artificial intelligence.

With participation from the likes of OpenAI, International Business Machines (IBM) and Mistral AI – the event offers a rare glimpse into NVDA’s expanding ecosystem and its role in shaping the future of accelerated computing. 

Loop Capital Expects NVDA Shares to hit $250 in 2026

While Nvidia stock has already seen an explosive rally in recent months, Ananda Baruah – a senior Loop Capital analyst – is convinced its recent gains may only prove a drop in the bucket compared to what lies ahead. 

Baruah raised his price target on NVDA shares to $250, indicating potential upside of another 65% from current levels. 

Note that the artificial intelligence behemoth will be worth $6 trillion if it hits Baruah’s target over the next 12 months. His optimism is based primarily on continued demand from hyperscalers and sovereign AI data center investments. 

In its latest earnings call, Nvidia itself said it had visibility into AI infrastructure projects totaling “tens of gigawatts.”

Nvidia Remains a ‘Buy’-Rated Stock Among Wall Street Analysts

While not nearly as bullish as Loop Capital, other Wall Street analysts, nonetheless, remain notably constructive on Nvidia shares for the second half of 2025 as well. 

According to Barchart, the consensus rating on NVDA stock currently sits at “Strong Buy” with the mean target of about $175 indicating potential upside of about 13% from here. 

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On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.