The company that makes the chips powering every major AI model on the planet is trading at $223. Sam Altman’s ChatGPT just looked at that and predicts its undervalued.
$220 to $300 by end-2026. From a stock that has already run 60% in the past year.
ChatGPT’s bull case does not require imagination. It requires reading Nvidia’s order book. Demand for AI chips, cloud infrastructure buildout, robotics deployment, and enterprise AI adoption are all accelerating simultaneously, and Nvidia sits at the intersection of every single one of those trends as the only company with the hardware, software stack, and ecosystem scale to service them all.
The AI identifies the biggest bullish catalyst in a single sentence: Nvidia has become the backbone of the global AI buildout and demand still appears stronger than supply across several sectors.
That supply-demand imbalance is not a 2024 story or a 2025 story. It is a structural condition that ChatGPT sees persisting through 2026 as cloud providers, sovereign AI programs, and enterprise deployments all compete for the same H100 and Blackwell allocations.
Wall Street continuing to reward AI leaders with premium valuations is the multiplier that takes the fundamental demand story and translates it into the $300 upper target.
The bear case is credible and worth tracking. AMD and custom AI chips from Google, Amazon, and Microsoft are all attempting to reduce dependence on Nvidia hardware. If competition gains meaningful traction, slowing growth rates combined with geopolitical risks around semiconductor exports or a broader tech sector correction could compress the valuation and keep NVDA closer to $140 to $180 for the remainder of the year.
ChatGPT is direct though: momentum strongly favors the upside and if the AI boom continues expanding globally through 2026, another major breakout remains a very realistic scenario.
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Nvidia Just Hit Its Highest Price in 6 Months and Is Pulling Back. ChatGPT AI $300 Predicts Is Already Within Striking Distance
Nvidia is trading at $223.47 on the daily, and the chart is one of the more impressive recovery structures in the entire series. Price bottomed around $135 in late May 2025, spent the summer in a slow grind higher through $160 and $180, peaked near $210 in November before a sharp correction, and has since launched back toward new highs in a move that reached $235 just days ago before pulling back to current levels.
The recovery from the March low of $168 to the recent $235 high was a 40% move in under 8 weeks.
The current pullback from $235 to $223 is the first meaningful retracement since that run began, and it is pressing into the first real test of whether the breakout holds. Resistance sits at $225 to $230, the zone where the recent high clustered and where sellers appear to be active on the first test.
Above it $240 is the next reference, and $250 is the level that would confirm ChatGPT’s $220 to $300 range is being fully realized. The lower end of that target at $220 is basically the current price, which tells you the base case is already printing, and the question is whether the upper end of $300 follows.
Support is $215 to $220, the breakout level from the May surge that needs to hold as the new floor. Below that $200 is the next meaningful support and $185 to $190 is where the ChatGPT bear case range begins, representing the level that held through the February and March consolidation.
ChatGPT’s $300 target is 34% above the current price. The chart has already done 40% in 8 weeks. The precedent is there.
