NVIDIA Corporation ($NVDA) rose on May 15, 2026. Here's the breakdown of what drove the move and what traders are watching next.
What Happened
Down 3.30% amid tech sector pullback; Wells Fargo sees 40% upside but market pricing in concerns
The Bull Case
Wells Fargo raised price target citing AI infrastructure demand; P/E of 46.5 reflects growth; AI semiconductor dominance intact; $273.52 target suggests 20%+ upside
The Bear Case
Down 3.30% on sector rotation; P/E of 46.5 extremely elevated; AI valuations under scrutiny; UBS warning on AI stock overheating; short float at 1.21%
Price Target & What to Watch
$273.52 (Wells Fargo)