A machine learning model has projected that Nvidia (NASDAQ: NVDA) stock could trade at an average price of $248.25 by October 31, in a continuation of the recent highs.
The insights generated by Finbold’s AI Agent imply the semiconductor giant could gain about 6.11% from its press-time price of $233.
The forecast combines estimates from DeepSeek Chat, Gemini 3.5 Flash, and GPT-5.7 Luna over a 27-day outlook period ending on October 31.
Among the models, DeepSeek Chat delivered the most bullish forecast, predicting Nvidia shares would reach $248.75, representing an upside of 6.33%. Gemini 3.5 Flash projected a price of $248.50, while GPT-5.7 Luna returned the most conservative target at $247.50, still indicating a gain of 5.79%.
The prediction used technical indicators including the MACD, RSI, Stochastic oscillator, 50-day simple moving average (MA), and 200-day simple moving average.
The forecast comes as Nvidia continues to trade near record highs. The stock touched an intraday peak of $237, marking a new record, although it closed just below its previous closing high from May 2026.
The shares have rebounded roughly 25% from their late-July lows after a two-month selloff that wiped more than $1 trillion from the company’s market value. Nvidia is also up about 24% year-to-date.
Despite the strong rally, Nvidia’s valuation remains relatively restrained relative to its growth profile, with the stock trading at roughly 30 times trailing earnings, while forward valuation metrics remain lower.
One of the biggest catalysts behind Nvidia’s recent strength is its aggressive capital return strategy.
Nvidia share buy back boost
The company approved a $150 billion increase to its share repurchase authorization, the largest buyback expansion on record. The move lifted Nvidia’s remaining repurchase capacity to approximately $235 billion through fiscal 2028.
Supporting that trend, market data highlighted by TrendSpider on October 4 showed Nvidia repurchased nearly $20 billion worth of stock in the last quarter, equivalent to about 92% of free cash flow during the period.
Nvidia’s financial performance has also remained robust. In second fiscal quarter of 2027, the technology company reported revenue of approximately $96.2 billion, up about 106% year-over-year, with the data center segment contributing roughly $89 billion.
Earnings exceeded analyst expectations, while management guided for about $108 billion in revenue for the following quarter.
Investor sentiment has also been boosted by continued optimism surrounding artificial intelligence infrastructure spending, AI agents, and Nvidia’s dominant position within the sector.
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