Nvidia Nears 52-Week High at $219 as Goldman Sets $285 Target

Nvidia has recovered from its post-earnings slide and is trading near $218.66, approaching its 52-week high after a 6.26% breakout on June 1. The stock erased nearly $95 billion in market value in late May following record Q1 revenue of $81.61 billion but found support near $210 before the N1X superchip reveal with Microsoft triggered renewed buying. Goldman Sachs reaffirmed a $285 target while the Street consensus sits at $304; Q2 guidance of $91 billion and an $80 billion buyback authorization underpin the bullish technical setup.