Nvidia (NVDA) owned an exciting 94% of the worldwide GPU sales in the second quarter of 2025 according to the latest Jon Peddie Research report.
A total of 11.6 million graphics processing units were sold globally in Q2, representing roughly 27% sequential growth that underscores continued demand from AI workloads and data-intensive applications.
Part of this increase was related to “buyers trying to get ahead” of the expected tariff hikes as well, the report added. Versus its August high, Nvidia stock is down over 8% at the time of writing.
The aforementioned report bodes well for NVDA stock because it confirms the chip manufacturer is retaining its dominance in the fast-growing artificial intelligence market.
With rivals like Advanced Micro Devices (AMD) and Intel (INTC) barely registering, the report suggests Nvidia’s pricing power and margin potential remain strong.
Moreover, this level of control over GPU sales positions the semiconductor behemoth to weather tariff disruptions and supply chain volatility as well.
Simply put, owning 94% of a market that continues to see rising demand reinforces Nvidia’s role as the backbone of next-gen computing infrastructure and is, therefore, bullish for the AI stock.
Bank of America analyst Vivek Arya maintained his “Buy” rating and $220 price target on Nvidia shares this week, reiterating the multinational’s dominance in AI will be “hard to dislodge.”
According to him, the company’s Q2 results last week confirmed its financials remain “rock-solid” and the Blackwell ramp will drive further upside in NVDA stock in the second half of 2025.
The BofA analyst also sees potential in Nvidia’s AI PC strategy, possibly involving a stand-alone CPU or strategic partnerships.
Note that Arya’s forecast calls for another 30% upside in the AI stock from current levels.
Other Wall Street analysts also agree that Nvidia stock remains worth owning despite its meteoric rally over the past four months.
The consensus rating on NVDA shares currently sits at “Strong Buy” with the mean target of about $210 indicating potential upside of a little under 25% from here.
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