--- title: "Weekly Recap | NVIDIA -2%, consensus target well above spot" type: "News" locale: "en" url: "https://longbridge.com/en/news/301470040.md" description: "Nvidia (NVDA) fell 2% this week to close at $229.28, while the S&P 500 rose 1.15%, leaving the stock roughly 3.15 percentage points behind the benchmark. The move reflected a fade rather than a steady decline. Nvidia opened Monday (Oct 5) at $236.09 and touched a weekly high of $243.37 on Tuesday (Oct 6), before sliding over the next three sessions. Thursday (Oct 8) saw a break below $230, and Friday (Oct 9) ended at the week’s low of $229.28, with a 6.04% weekly range." datetime: "2026-10-10T07:17:53.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/301470040.md) - [en](https://longbridge.com/en/news/301470040.md) - [zh-HK](https://longbridge.com/zh-HK/news/301470040.md) generator: "portal-rs" --- # Weekly Recap | NVIDIA -2%, consensus target well above spot ## The Week Nvidia (NVDA) fell 2% this week to close at $229.28, while the S&P 500 rose 1.15%, leaving the stock roughly 3.15 percentage points behind the benchmark. The move reflected a fade rather than a steady decline. Nvidia opened Monday (Oct 5) at $236.09 and touched a weekly high of $243.37 on Tuesday (Oct 6), before sliding over the next three sessions. Thursday (Oct 8) saw a break below $230, and Friday (Oct 9) ended at the week’s low of $229.28, with a 6.04% weekly range. The stock remains above its 20-day average and about 5.8% below the 60-day range high. ## Key Events Two storylines shaped the week. First, Australian AI data-centre operator Firmus, backed by Nvidia, shelved its IPO, and later reports said it had sought a $30 billion valuation on just $51 million in revenue. That gap weighed on the valuation narrative around AI infrastructure. Second, OpenAI’s revenue disclosure raised questions about AI returns, pressuring Nvidia before the stock bounced as investors gained more clarity. Also in the mix: Chinese game developer MiHoYo was reported to be seeking access to Nvidia’s Blackwell chips for AI model training, and a Super Micro contractor pleaded guilty in a scheme to send AI servers containing Nvidia chips to China. Nvidia itself reported no material filings this week. ## Analyst Ratings Coverage of Nvidia stood at 62 firms this week, with 48 rating it buy, 10 rating it overweight, 2 at hold, 1 at sell, and 1 with no opinion. The consensus recommendation is strong buy, and the consensus target sits at $328.72, roughly 43% above the $229.28 close. The target range is wide, from $180 to $515, signalling real disagreement over how durable AI chip demand will be. Nvidia ranks first among semiconductor companies in analyst ratings, well ahead on both coverage and conviction. ## The Week Ahead The main macro event next week is US CPI and core CPI on Wednesday, Oct 14. Headline CPI was 3.4% and core CPI 2.4% previously, with forecasts at 3.7% and 2.5% respectively, so the direction will shape rate expectations and growth-stock valuations. Before that, Tuesday Oct 13 brings the NFIB Small Business Optimism Index and existing home sales. With ASML and TSMC set to open earnings season, Nvidia’s supply-demand verification is also approaching. Follow-up on the Firmus IPO reset, further clarity on OpenAI’s revenue gap, and progress on the MiHoYo Blackwell chip story could add more colour around the name next week. ## In Short Nvidia lagged the market this week, fading after an early push higher, while the analyst backdrop stayed strong: nearly 60% of covering firms rate it buy or overweight, the consensus is strong buy, and the consensus target is more than 40% above the spot price. Against that sit a rich valuation, a wobble in the AI infrastructure valuation story, and industry-wide nerves after OpenAI’s revenue disclosure. The path ahead hinges on how inflation data shapes rate expectations, whether AI earnings season validates demand and supply, and how Nvidia responds on rival chips and compliance questions. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [NVDD.US](https://longbridge.com/en/quote/NVDD.US.md) - [NVDL.US](https://longbridge.com/en/quote/NVDL.US.md) - [NVDS.US](https://longbridge.com/en/quote/NVDS.US.md) - [NVDU.US](https://longbridge.com/en/quote/NVDU.US.md) - [NVDW.US](https://longbridge.com/en/quote/NVDW.US.md) - [NVDY.US](https://longbridge.com/en/quote/NVDY.US.md) - [DIPS.US](https://longbridge.com/en/quote/DIPS.US.md) - [NVDX.US](https://longbridge.com/en/quote/NVDX.US.md) - [NVDG.US](https://longbridge.com/en/quote/NVDG.US.md) - [NVDO.US](https://longbridge.com/en/quote/NVDO.US.md) - [NVD.US](https://longbridge.com/en/quote/NVD.US.md) - [NVDQ.US](https://longbridge.com/en/quote/NVDQ.US.md) - [07788.HK](https://longbridge.com/en/quote/07788.HK.md) - [09388.HK](https://longbridge.com/en/quote/09388.HK.md) ## Related News & Research - [NVIDIA Introduces DSX POD AI Factories to Accelerate Europe’s Infrastructure Deployment | NVDA Stock News](https://longbridge.com/en/news/302537979.md) - [Nvidia announces plug and play Vera Rubin racks that can be shipped on a truck](https://longbridge.com/en/news/302557707.md) - [Nvidia Stocks Put AI-Factory Downtime in Minerva's Crosshairs](https://longbridge.com/en/news/302917429.md) - [Nvidia Raises Stakes With Massive New AI Investment](https://longbridge.com/en/news/302441880.md) - [NVIDIA Corporation $NVDA Shares Acquired by Empirical Finance LLC](https://longbridge.com/en/news/302837418.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**