NVIDIA Climbs 20% in April as $235.01 Target Boosts Outlook, GPUs Expand
NVIDIA shares surged 20% in April, briefly pulling back 2% to $209.40 midweek after hitting all-time highs, while a 12-month price target rose to $235.01, implying 8.5% upside. Gorilla Technology plans to deploy 20,736 NVIDIA HGX B200 GPUs in India by September 2026 as part of a $2.8 billion expansion.
1. April Rally and Bull Case
NVIDIA shares climbed 20% in April, reaching fresh all-time highs before a midday pullback to $209.40. A 12-month price target of $235.01 implies 8.5% upside, reflecting strong AI-driven demand and bullish analyst sentiment.
2. Gorilla Technology's India GPU Expansion
Gorilla Technology Group will deploy 20,736 NVIDIA HGX B200 GPUs across Yotta Data Services facilities in India by September 2026. The $2.8 billion expansion builds on an initial roll-out of over 5,000 GPUs and could boost NVIDIA's data center revenue in the region.