Nvidia stock (NASDAQ: NVDA) has once again dipped below the $200 level, ending Tuesday’s trading session at $196. This is the fourth time that NVDA went above the $215 range and dropped to the $190 zone this year. The leading GPU maker has been cyclical in its price movements, making its next move predictable. The entire AI ecosystem is facing an overhaul with corrections for close to a month. SK Hynix stock has fallen below its US IPO launch rate of $150 and is trading at $143. SanDisk stock has plunged nearly 38% in 30 days, making it the least-performing asset in July.

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Bernstein’s Price Target For Nvidia Stock (NVDA)

On the heels of the ongoing correction and volatility, leading global asset management firm Bernstein has maintained its buy rating on Nvidia stock. The investment bank wrote in a note sent to clients on Tuesday (July 28, 2026) to accumulate NVDA below the $200 mark and provided a price target with a bigger prediction. The Wall Street firm is confident that the GPU manufacturer has upside steam left and can deliver profits of more than 50%.

Bernstein’s stock market analyst Stacy Rasgon has predicted that Nvidia stock could reach a new price target of $315. That’s a profit of $119 per share if traders take an entry position in NVDA today at $196. It also marks an uptick and return on investment (ROI) of approximately 61% from its current price. Therefore, an investment of $1,000 could turn into $1,600 if the price prediction turns out to be accurate.

That’s massive gains, as not every asset in the market generates this much profit. Also, the AI sector is highly cyclical, and the momentum keeps shifting almost every month. It touches new highs and lows at record pace, and traders are unable to catch up with the speed. Nvidia stock is among the most sought-after assets, with high buying pressure from both retail and institutional giants. This makes NVDA a must-watch asset in your portfolio, as the upward potential is immense.