NVIDIA ($NVDA) rose on April 28, 2026. Here's the breakdown of what drove the move and what traders are watching next.
What Happened
OpenAI funding concerns; AI chip sector selloff; earnings week uncertainty
The Bull Case
Dominant GPU market position; record $5T+ market cap milestone; continued enterprise AI adoption; earnings could surprise to upside
The Bear Case
Down 2.77% on session; OpenAI report of missed targets rattling investor confidence in AI spending trajectory; high P/E of 42.99x vulnerable to guidance cuts; RSI at 66.76 elevated
Price Target & What to Watch
Target: $269.82 (vs. current $210.60)