Nvidia (NVDA) Stock Slips in Pre-Market Despite Bullish Wall Street Analyst Upgrades Post-GTC

Quick Summary Shares of NVDA declined approximately 2.6% during premarket hours Thursday despite favorable analyst commentary following GTC Raymond James elevated its price objective to $323 from $291, keeping its Strong Buy recommendation Truist increased its price objective to $287 from $283, maintaining its Buy rating The chipmaker disclosed $1 trillion in aggregate GPU order visibility extending through 2027 Analyst consensus remains Strong Buy: 40 Buy recommendations, 1 Hold; mean target $274.16 Shares of Nvidia experienced a decline of approximately 2.6% during premarket trading Thursday, March 19, despite two prominent Wall Street firms increasing their price objectives following the chipmaker’s yearly GTC conference. NVIDIA Corporation, NVDA The technology showcase, described by Truist analyst William Stein as “the Super Bowl of AI,” included product announcements, strategic partnership reveals, and a significant revenue outlook disclosure from company leadership. Raymond James analyst Simon Leopold elevated his price objective to $323 from $291, maintaining his Strong Buy recommendation. He highlighted Nvidia’s revised projection showing $1 trillion in aggregate GPU shipments through 2027, characterizing that estimate as potentially understated. The market won’t be able to keep $NVDA below $200 much longer. Jensen is clearly building for the inference era with Rubin handling attention-heavy workloads and Groq powering low-latency token generation. The AI engine just keeps humming. pic.twitter.com/0ri6ro9n76 — Shay Boloor (@StockSavvyShay) March 17, 2026 Leopold noted that incorporating projected contributions from Vera Rubin Ultra and the Groq LPX platform, aggregate AI data center revenue through 2027 might approach $1.3 trillion. Truist’s Stein likewise increased his price objective, adjusting it to $287 from $283, while reaffirming a Buy recommendation. His analysis emphasized three central themes emerging from GTC’s second day. Initially, company exe...