NVIDIA shares are trading modestly higher at around $176.68, supported by Bernstein reiterating its Outperform rating and $275 price target, citing the company's resilient positioning as an AI leader.

  • Bernstein cited NVIDIA's roughly two-year technology lead over Google’s TPU program and ongoing licensing uncertainty regarding H200 shipments to China.
  • The stock's modest intraday gain contrasts with slight declines in the broader S&P 500 and Nasdaq indices, suggesting stock-specific support.
  • Sentiment remains tempered by high-level concerns over AI valuations, with recent selling pressure noted amid growing skepticism about an “AI bubble.”