Redburn Atlantic analyst Timm Schulze-Melander initiated coverage of the stock this week with a "buy" rating. The analyst set the price target at $178, implying upside of 21% over the current share price of $147 at the time of writing.

which in our view is still not fully priced in by the market," Lee said Nvidia shares were marked 0.95% higher in early Thursday trading to changes hands at $147.57, a move that would extend the stock's six-month gain to around 61.5%.