- Nvidia stock price rises more than 1% in Friday's premarket trading, recovering from a 2.94% decline on Thursday that wiped nearly $7 off NVDA shares.
- Fresh reports about OpenAI's revenue outlook have eased concerns over AI spending, helping Nvidia, Micron and other semiconductor stocks rebound after a sharp technology-sector selloff.
- The Nvidia stock forecast remains focused on $240 and $250, with investors assessing AI chip demand, insider share sales and the sustainability of the artificial intelligence investment boom.
The Nvidia stock price rebounded in premarket trading on Friday, October 9, as fresh information about OpenAI’s revenue performance helped restore confidence in artificial intelligence stocks following Thursday’s selloff. Nvidia (NASDAQ: NVDA) shares climbed approximately 1.7% to $234.30 before the opening bell, recovering part of the previous session’s 2.94% decline. The AI chipmaker closed Thursday at $230.48, down $6.99 from Wednesday’s $237.47 close.
The recovery follows reports suggesting that investors may have misinterpreted OpenAI’s latest revenue figures, triggering an exaggerated selloff in semiconductor companies exposed to AI infrastructure spending. Micron Technology and other AI-linked stocks also advanced in premarket trading, reflecting renewed optimism that demand for high-performance computing and memory chips remains intact.
However, the episode has exposed a growing concern for Nvidia investors: the company’s valuation increasingly depends not only on its own earnings growth but also on the financial strength of the companies buying its AI chips.
OpenAI Revenue Update Lifts Nvidia and Micron Stock
OpenAI’s financial performance has become an important consideration for investors evaluating Nvidia stock and the AI semiconductor market. The company is reportedly approaching an annualised revenue run rate of $70 billion on a net basis by the end of 2026, according to Bloomberg reporting discussed by MarketWatch.
That outlook contrasts with earlier concerns surrounding a roughly $50 billion annualised revenue figure reported for September. Differences in revenue recognition, including whether income generated through cloud-computing partners is included, appear to have contributed to the confusion. For Nvidia, the implications extend beyond OpenAI itself.
The company’s GPUs power AI infrastructure operated by major cloud providers and technology companies, making the financial sustainability of AI development increasingly important to future chip demand. Micron is similarly exposed through its high-bandwidth memory products, which are essential components of advanced AI computing systems.
Friday’s recovery in both stocks suggests investors are reassessing the scale of Thursday’s reaction rather than abandoning the AI growth narrative.
Nvidia Plans Investment in AI Chip Startup d-Matrix
Another development attracting attention is Nvidia’s reported plan to invest in d-Matrix, a startup developing specialised processors for AI inference. According to The Information, Nvidia intends to take a stake in the company as part of a broader strategy to make its infrastructure compatible with chips designed by competing manufacturers.
The proposed investment follows an existing collaboration between Nvidia and d-Matrix involving NVLink Fusion, which allows specialised AI processors to operate alongside Nvidia hardware. The strategy could help Nvidia maintain a central role in AI data centres even as customers increasingly adopt chips from multiple suppliers.
Nvidia Stock Price Forecast: Can NVDA Recover to $250?
The Nvidia stock price forecast remains closely tied to whether Friday’s premarket rebound can develop into a sustained recovery. NVDA closed Thursday at $230.48, after trading between $229.85 and $237.07. Friday’s premarket advance toward $234–$235 puts the stock back within reach of its previous closing levels.
The first important resistance area sits around $237.50–$240, where Nvidia recently encountered selling pressure. A sustained move above $240 would bring the October 6 high near $243.37 into focus, followed by the psychological $250 price target.
On the downside, $230 represents immediate support. A break below Thursday’s low of $229.85 could expose the $225 region, where shares traded in late September. While Nvidia’s long-term earnings growth remains a central attraction for investors, the latest volatility shows that even strong AI demand may not prevent sharp corrections when expectations become stretched.
The next major earnings report, currently expected in November, will provide another opportunity to assess data-centre revenue, margins and demand for Nvidia’s next-generation AI platforms.
Nvidia remains a major supplier of AI computing infrastructure, but investors must weigh its growth prospects against valuation risk, semiconductor competition, customer spending and potential volatility in the AI sector.
Nvidia’s next quarterly earnings announcement is expected in November 2026. Investors will focus on data-centre revenue, AI chip demand, profit margins and management’s outlook for future infrastructure spending.
Yes, NVIDIA shares could reach $300, with some analysts and market forecasts suggesting the stock may climb into the $275–$300 range by late 2026 or sometime in 2027.