Even though Nvidia Corp. (NASDAQ: NVDA) stock has faced a strong resistance level around $234 so far in 2026, C.J. Muse, an expert at Cantor Fitzgerald, has reiterated a rally towards a new all-time high (ATH) over the next 12 months.

On October 1, Muse maintained an ‘Overweight’ rating for Nvidia stock. He also reiterated the firm’s 12-month price target for NVDA at $350.

With Nvidia trading at $228.92 on Thursday, Cantor Fitzgerald expects NVDA stock to rally 52.89% over the next 12 months. 

Muse based his bullish thesis on NVDA stock on robust demand growth and the company’s dominant role enabling Agentic Artificial Intelligence (AI). Moreover, he argued that this role accelerates its share of Information…