Nvidia Stock Falls. Why This Analyst Backs a Near 40% Gain from Here.
1. Barclays forecasts Nvidia as key beneficiary of $2 trillion AI spending. 2. Analyst O’Malley raised Nvidia's target price from $200 to $240, a 36% increase. 3. New target price reflects a 35-times price-to-earnings multiple, up from 29-times. 4. Nvidia is expected to gain substantially from AI infrastructure investments over 5+ years. 5. Stock remained flat despite bullish AI market signals; down 0.3% recently.