NVIDIA’s Record High Raises a Bigger Question About How Far the Rally Can Run

Up 28% in 2026, NVIDIA Just Tapped an All-Time High: Is the Rally Overextended or Just Getting Started?

Foxconn just posted its strongest month on record and NVIDIA stock touched a fresh all-time high, but one market veteran warns the biggest AI spending bonfire may still be ahead, raising the question of whether this rally has legs or a trap door.

NVIDIA’s Record High Raises a Bigger Question About How Far the Rally Can Run

NVIDIA shares broke out to record highs in October, with analyst price targets up to $515 and earnings growth estimates near 70%, boosting the case for continued gains ahead of Q3 results.