How High Can Nvidia Stock Go After Hitting a Record Near $240?

Up 28% in 2026, NVIDIA Just Tapped an All-Time High: Is the Rally Overextended or Just Getting Started?

Foxconn just posted its strongest month on record and NVIDIA stock touched a fresh all-time high, but one market veteran warns the biggest AI spending bonfire may still be ahead, raising the question of whether this rally has legs or a trap door.

NVIDIA’s Record High Raises a Bigger Question About How Far the Rally Can Run

NVIDIA shares broke out to record highs in October, with analyst price targets up to $515 and earnings growth estimates near 70%, boosting the case for continued gains ahead of Q3 results.

How High Can Nvidia Stock Go After Hitting a Record Near $240?

Nvidia (NVDA) stock hit a record high yesterday (Monday) and closed up 2.1% at $238.90. Buyers stepped in after a weak US jobs report cut bets on another Federal Reserve rate hike in October.The close took Nvidia out of the box it had traded in since its May peak, and the stock traded near $241 before the opening bell. My daily chart reads that as a breakout, with Fibonacci projections pointing to about $262 first and $307 if the move extends.Lo…