Published: December 2, 2025 – All data and forecasts current as of this date. This article is for informational purposes only and is not investment advice.
Nvidia Stock at a Glance on December 2, 2025
NVIDIA Corporation (NASDAQ: NVDA) is trading around $180 per share today, giving the AI chip leader a market capitalization of roughly $4.3 trillion. [1]
Key snapshot:
- Last close (Dec 1, 2025): $179.92, up ~1.9% on the day [2]
- Pre-market today: Trading modestly higher, with CoinCentral noting premarket gains of about 0.3% around $180.37. [3]
- 52‑week range: Roughly $86.62 – $212.19 [4]
- Trailing P/E ratio: Around 44–46, below Nvidia’s 3‑, 5‑ and 10‑year average P/Es but still above most tech peers. [5]
Valuation services broadly agree that Nvidia is expensive versus the broader market but cheaper than its own recent history:
- Macrotrends pegs Nvidia’s P/E at ~46 as of December 2, 2025. [6]
- FullRatio estimates the current P/E around 44, about 17% below Nvidia’s 10‑year average multiple. [7]
- Morningstar data (via Google snippet) shows a normalized P/E in the mid‑40s, with a quick ratio above 3 and return on assets near 80%, highlighting a strong balance sheet and exceptional profitability. [8]
Fresh Catalysts Moving Nvidia Stock on December 2, 2025
1. $2 Billion Synopsys Deal Deepens Nvidia’s AI Grip
The biggest near‑term story for NVDA is its $2 billion equity stake in Synopsys (SNPS), one of the world’s dominant chip-design software companies. [9]
According to Reuters, Nvidia:
- Invested $2 billion in Synopsys via common stock purchased around $414.79 per share.
- Entered a multi‑year, non‑exclusive partnership to build AI‑powered tools for designing chips and complex systems across industries. [10]
Strategic implications:
- Vertical integration: Nvidia gains influence over the tools chip designers use, potentially optimizing future GPUs and systems around its platforms.
- GPU over CPU shift: Management explicitly framed the deal as a way to push more workloads away from traditional CPUs toward Nvidia GPUs. [11]
- Non‑exclusive nature: Synopsys can still work with AMD, Intel and others, which limits the “lock‑in” upside but reduces antitrust risk. [12]
The deal also reinforces concerns that Nvidia is effectively funding customers and partners to secure long‑term GPU demand, a structure some critics liken to “circular” AI financing.
2. New Partnerships With HPE and Fanuc
A separate December 2 piece from CoinCentral notes that Nvidia stock has risen for a second straight session as investors digest the Synopsys news and new partnership headlines. [13]
Highlights from that report:
- Hewlett Packard Enterprise (HPE): Expanding its relationship with Nvidia by opening an AI Factory Lab in France, where enterprises can test AI workloads on EU‑based infrastructure—important for European data‑sovereignty rules. [14]
- Fanuc (Japan’s industrial robot giant): Integrating Nvidia technology to build voice‑responsive AI robots, a new demand stream for Nvidia’s AI platforms in industrial automation. [15]
CoinCentral also flags technical levels that many traders are watching:
- NVDA trades below its 50‑day moving average around $185, but well above its 200‑day moving average near $145.
- Support is forming near $170, while resistance around $200 has rejected rallies twice in recent months. [16]
3. UBS Global Technology & AI Conference Appearance
Nvidia is in the spotlight this morning at the UBS Global Technology and AI Conference, with a scheduled presentation at 6:35 a.m. Pacific time. [17]
Quiver Quant notes:
- The event is being webcast live on investor.nvidia.com, with replays available for 90 days.
- The appearance is another chance for management to update the Street on AI demand, data‑center capacity, and new product roadmaps after its blockbuster earnings. [18]
Conference commentary often drives intraday volatility in mega‑cap tech names, especially after big earnings beats.
4. Chip & Memory Shortages: A Growing Risk Narrative
Another December 2 CoinCentral analysis focuses on a supply‑chain crunch driven by Nvidia and other AI data‑center buyers: [19]
- Surging AI demand is consuming huge volumes of high-bandwidth and LPDDR memory and storage.
- Memory prices are forecast to rise 30% in Q4 2024 and another 20% in early 2026, with bottlenecks possibly lasting 2–3 years. [20]
- Nvidia’s shift toward LPDDR puts it in direct competition with smartphone leaders like Apple and Samsung for key components. [21]
For Nvidia shareholders, that’s a double‑edged sword: it underscores insatiable AI demand, but also raises the risk of cost inflation and supply constraints that could cap revenue in the near term.
Q3 FY26: Blowout Results Set the Backdrop
Nvidia’s latest quarter, reported on November 19, 2025, remains the anchor for any NVDA stock discussion. [22]
From the company’s official release and follow‑on coverage:
- Revenue: $57.0 billion, up 22% quarter‑over‑quarter and 62% year‑over‑year, handily beating Wall Street estimates of roughly $55 billion. [23]
- Data‑center revenue: $51.2 billion, up 66% YoY and 25% QoQ, now the vast majority of sales. [24]
- GAAP EPS: $1.30, above analyst expectations around $1.26. [25]
- Gross margins: Roughly 73–74%, near record levels for any large hardware company. [26]
Management commentary was equally bullish:
- CEO Jensen Huang said “Blackwell sales are off the charts, and cloud GPUs are sold out,” emphasizing that AI compute demand is still accelerating. [27]
- CFO Colette Kress reiterated that the company sees $500 billion of combined Blackwell and Rubin GPU orders through 2026, suggesting a multi‑year visibility pipeline for data‑center revenue. [28]
For Q4 FY26, Nvidia guided:
- Revenue around $65 billion (+/‑2%), above prior Wall Street estimates near $62–63 billion. [29]
- Gross margins approaching 75%, underscoring the profitability of Nvidia’s AI “compute factories.” [30]
These results and the outlook explain why many analysts still see NVDA as the core way to play the AI build‑out, despite recent share‑price consolidation.
Wall Street Sentiment: Overwhelmingly Bullish on NVDA
Analyst Ratings and Price Targets
Multiple data sources show near‑unanimous bullishness from Wall Street:
- StockAnalysis aggregates 39 covering analysts with a “Strong Buy” consensus and an average 12‑month price target of $248.64, implying about 38% upside from current levels. [31]
- Quiver Quant and MarketBeat report a median target around $250, with several top‑tier banks (JP Morgan, Mizuho, Citigroup, Jefferies, Cantor) setting targets between $245 and $320 after Q3 results. [32]
- MarketBeat’s latest compilation shows over 50 Buy/Strong Buy ratings, only two Holds and one Sell, with an average target around $258.65. [33]
Some notable calls:
- Morgan Stanley’s Joseph Moore recently raised his target from $235 to $250 and kept an “overweight” rating, citing Nvidia’s continued dominance and arguing that competitive fears are “overstated.” [34]
- Citigroup boosted its target to $270, while firms like Cantor and Melius see room toward or above $300 if AI demand continues to surprise on the upside. [35]
Is Nvidia Actually “Cheap” Now?
A widely cited MarketWatch piece published today argues that Nvidia’s stock is “almost historically cheap” on a forward P/E basis: [36]
- The forward P/E is near 25, similar to valuation “troughs” in 2022 and 2023 that preceded big rallies.
- Bank of America’s Vivek Arya notes that NVDA now trades at its largest-ever discount (about 40%) to Broadcom’s multiple, vs. a typical discount near 10%. [37]
In other words: Nvidia is still expensive on absolute metrics, but cheaper than its own peak valuations and some key AI peers, which bulls see as a setup for multiple expansion if growth continues.
Short-Term Technical Picture: Sideways but Constructive
Technical analysts are more divided than fundamental analysts.
StockInvest.us: Near-Term Caution
StockInvest.us labels NVDA a “sell candidate” in the very short term, despite acknowledging a favorable longer‑term trend: [38]
- Last close: $179.92, after a 1.93% gain on Dec 1 (range $173.68–$180.30).
- The stock sits in the lower part of a “wide and weak rising trend”, which they see as a potential buying opportunity if support holds.
- They project an 8% rise over the next three months, with a 90% probability range between roughly $191 and $230. [39]
- Short‑term moving averages give a near‑term buy signal, but the longer‑term average still indicates caution. Overall rating: negative short‑term bias. [40]
CoinCentral: Trading Range and Levels to Watch
CoinCentral’s December 2 coverage points to a range‑bound NVDA, with: [41]
- Support near $170 where buyers have repeatedly stepped in.
- Resistance around $200, a level the stock has failed to clear twice in the past two months.
- 50‑day MA near $185 and 200‑day MA near $145, confirming a longer‑term uptrend but current consolidation.
For short‑term traders, the message is clear: NVDA is chopping between support and resistance, and a decisive break in either direction could set the next leg.
Revenue & Earnings Forecasts: 2026 and Beyond
Street Forecasts From StockAnalysis
Wall Street models compiled by StockAnalysis show extremely aggressive growth continuing into FY26 and FY27: [42]
- Revenue FY2026: ~$211 billion, up ~62% from FY2025’s ~$130.5 billion.
- Revenue FY2027: ~$289 billion, another ~37% jump.
- EPS FY2026: ~4.61 vs. 2.94 in FY2025 (+57%).
- EPS FY2027: ~6.73, up ~46% from FY2026.
Over 2025–2028, a separate analysis (Motley Fool) notes that analysts expect revenue and adjusted EPS CAGRs of roughly 45% and 29%, respectively. [43]
Near-Term Price Expectations: Prediction Markets and DCF Models
A November 28 analysis on 24/7 Wall St looked at Polymarket prediction markets for Nvidia’s year‑end price: [44]
- Traders assign high odds (~80%+) that NVDA stays in the $170–$190 band through the end of 2025.
- Odds of a move to $200+ by year‑end are much lower, and deep downside below $160 is also seen as unlikely.
Fundamental valuation platforms are modestly bullish versus today’s price:
- AlphaSpread’s blended DCF/relative model puts NVDA’s intrinsic value around $209 per share, about 14% above the current ~$180 quote. [45]
Ultra-Bull Cases: Talk of a $20 Trillion Market Cap
On the far bullish end, I/O Fund recently outlined a scenario where Nvidia could potentially reach a $20 trillion market cap by 2030, assuming it captures a large share of an AI data‑center capex market that could exceed $1 trillion annually by decade’s end. [46]
Key points from that thesis:
- Management has guided to $500 billion in combined Blackwell + Rubin revenue through 2026, and some analysts think that figure may prove conservative. [47]
- Data‑center revenue could approach $320 billion in FY27 in their upside case, compared with consensus in the high‑$200 billion range. [48]
- Big Tech AI capex is already running above $400 billion annually, and UBS now sees AI infrastructure spending reaching $1.3 trillion by 2030. [49]
This is a highly speculative scenario, but it illustrates why some long‑term bulls still see NVDA as early in a multi‑decade AI infrastructure cycle.
The Bull Case: Why Investors Are Still Piling Into NVDA
Putting today’s news and forecasts together, the main bullish arguments look like this:
- AI Data-Center Dominance
Nvidia’s data‑center business already generates over $50 billion per quarter with growth above 60% year‑over‑year, leaving rivals’ AI chip revenues far behind. [50] - Massive Visibility on Future Demand
Management has pointed to hundreds of billions of dollars in pipeline GPU orders through 2026, plus multi‑year mega‑deals with OpenAI, Microsoft and others that could each be worth hundreds of billions over time. [51] - Ecosystem Lock-In
Moves like the Synopsys investment, EDA tool integration, and deep partnerships with hyperscalers and industrial players (HPE, Fanuc) tighten Nvidia’s grip on the full AI stack, from silicon to software to systems. [52] - Balance Sheet & Profitability
Nvidia combines super-high margins (~75% non‑GAAP) with a net‑cash balance sheet, very low debt, and return on equity over 100% – rare metrics for a hardware company. [53] - Valuation vs. Growth
Even after a 1,000%+ run since late 2022, Nvidia’s current P/E is below its 3‑ to 5‑year averages, and its forward P/E around the mid‑20s looks modest compared with revenue growth expectations north of 35–40%. [54]
The Bear Case: Real Risks Behind the Hype
Bulls aren’t the only voice in the room. Today’s commentary and recent research highlight several key risks:
- Competition From Custom AI Chips
Alphabet and Meta are pushing TPU accelerators, Amazon is ramping Trainium2, and Microsoft is developing Maia. These in‑house chips are designed to reduce hyperscalers’ dependence on Nvidia and cut long‑term GPU bills. [55] - Valuation & Multiple Compression
Even if Nvidia is cheaper than at prior peaks, it still trades at a much higher P/E than most large tech names. If AI capex slows or rotates, the multiple could compress faster than earnings can grow. [56] - Supply-Chain Bottlenecks
The same memory and storage crunch that demonstrates strong demand could cap near‑term growth, particularly if LPDDR or high‑bandwidth memory become the limiting factor rather than GPU die capacity. [57] - Regulatory & Geopolitical Pressure
Export restrictions on advanced AI chips to China remain a major overhang. Management has repeatedly emphasized that sustained access to Chinese customers is crucial for America’s AI leadership, signaling ongoing regulatory risk. [58] - Insider Selling & Concentrated Ownership
Quiver Quant tracks hundreds of insider stock sales over the past six months, including large disposals by CEO Jensen Huang and key directors. While some selling is normal after huge gains, persistent insider selling can worry investors. [59] - Short-Term Overbought Conditions
Technical services like StockInvest.us still flag NVDA as a short‑term sell candidate, warning of potential weakness over the next “couple of days or weeks” despite positive medium‑term trends. [60]
What Today’s Setup Means for Investors
As of December 2, 2025, Nvidia sits at a fascinating crossroads:
- Fundamentals: Record earnings, explosive data‑center growth, and a multi‑hundred‑billion‑dollar AI backlog.
- Valuation: Expensive vs. the market, cheaper vs. its own past and some peers – with a forward P/E around prior historical troughs. [61]
- Sentiment: Wall Street is overwhelmingly bullish, but prediction markets and technicals suggest sideways, choppy trading in the near term. [62]
- Risk profile: Competition, regulation, supply chains and insider selling are all real headwinds that could matter more if AI spending slows or investors rotate away from mega‑cap tech. [63]
For potential or existing shareholders, the key questions now are:
- Time Horizon: Are you thinking in quarters (where volatility and valuation matter most) or in years (where AI infrastructure growth could dominate)?
- Risk Tolerance: Can you stomach double‑digit drawdowns in a name that remains heavily owned and highly scrutinized?
- Portfolio Role: Is NVDA a core long‑term AI infrastructure holding for you, or a tactical trade around news like earnings and conferences?
Whatever the answer, Nvidia’s combination of dominant market position, eye‑popping growth, and active competitive and regulatory threats ensures that NVDA will stay at the center of AI‑stock debates well into 2026.
Reminder: This article is informational and does not constitute financial advice. Always do your own research and consider consulting a licensed financial advisor before making investment decisions.
References
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