Nvidia price-call stays bullish at $252 in 12 months after AI-chip selloff

Nvidia shares have slid sharply in the wake of a broader AI-compute selloff, but one widely circulated market model still points to a rebound over the next 12 months. In a new price-target note published July 2, 24/7 Wall St. set a 12-month target of $252.14 for Nvidia (NASDAQ:NVDA), implying upside from a recent reference price of $197.58.

The same note frames the drawdown as market pressure rather than a break in the company’s operating trajectory. It says Nvidia has slipped “hard” during the selloff, while still describing underlying fundamentals as uncracked. It also assigns a “high confidence level” of 90% to its call.

The post links part of the hesitation around semiconductors to a sector rotation, citing that during the July 1 semiconductor session several chip-related names fell, including KLA, Micron Technology, and AMD. That backdrop, it argues, has weighed on Nvidia even as the company remains deeply leveraged to demand for accelerated computing used in AI training and inference.

For performance context, the note points to Nvidia’s first-quarter fiscal 2027 results, stating revenue of $81.615 billion, up 85.23% year over year. It also cites non-GAAP earnings per share (EPS) of $1.87, which the post says beat consensus by 5.42%, and labels the quarter as the fourth straight earnings beat.

On the revenue mix, the article highlights Data Center as the main engine, saying Data Center revenue reached $75.246 billion, up 92% year over year. It also reports that management guided second-quarter revenue to $91 billion, while it notes that this guidance excludes China Data Center compute.

The bull case in the note centers on the ramp of Nvidia’s Blackwell 300 platform, which it characterizes as feeding continuing hyperscaler demand. It adds that it sees research coverage remaining broadly constructive, citing a group of firms with a “Buy” consensus and an average target (as stated in the post) of $303.84. It also lists several customer and networking developments, including deployments described as involving Google Cloud and OpenAI, plus additional mentions of networking partnerships and agreements (all as described in the 24/7 Wall St. write-up).

The company also comes into the story on capital return. The post says Nvidia lifted its dividend from $0.01 to $0.25 per share and approved a new $80 billion buyback. It frames these moves as evidence that, beyond AI demand, Nvidia is also looking to return cash to shareholders.

Still, the article is not a company filing and does not provide granular disclosure beyond what it summarizes. Nvidia’s own communications, detailed segment reporting, and official guidance language are not quoted in the note, and key items in the bull and bear models, such as how it maps customer ramp timing to revenue or how it treats China-related exclusions, are not fully explained. What is clear from the post is the specific target math and the broad thesis that the selloff is outweighed by longer-term momentum.

Going forward, investors are likely to watch whether Nvidia’s next reported quarters keep matching the growth profile the note cites, and whether guidance and customer deployment timelines reflect continued Blackwell ramp strength. The other immediate announcement to monitor is whether market sentiment toward AI-linked semiconductors stabilizes after the rotation described in the post, or whether additional de-risking pressures the stock again. No investment advice is implied by this publication of a price-target exercise.