Machine Learning Model Predicts Nvidia Stock to Hit $248.25 by October 2026
A machine learning model has forecast that Nvidia (NASDAQ: NVDA) stock could reach an average price of $248.25 by October 31, 2026. This projection suggests a potential gain of about 6.11% from its current price of $233. The forecast combines insights from DeepSeek Chat, Gemini 3.5 Flash, and GPT-5.7 Luna over a 27-day outlook period ending on October 31, 2026.
Among the models, DeepSeek Chat was the most bullish, predicting a price of $248.75, representing a 6.33% upside. Gemini 3.5 Flash projected $248.50, while GPT-5.7 Luna returned the most conservative target at $247.50, still indicating a 5.79% gain. The prediction utilized technical indicators including the MACD, RSI, Stochastic oscillator, 50-day simple moving average, and 200-day simple moving average.
The forecast comes as Nvidia continues to trade near record highs, having recently touched an intraday peak of $237. The stock has rebounded roughly 25% from its 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.
One of the biggest catalysts behind Nvidia’s recent strength is its aggressive capital return strategy. The company approved a $150 billion increase to its share repurchase authorization, the largest buyback expansion on record. This move lifted Nvidia’s remaining repurchase capacity to approximately $235 billion through fiscal 2028. 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 remained robust. In the 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.