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Nvidia (NVDA) shares are in focus on Friday following reports the AI chip giant is venturing into a new frontier: humanoid robots.
According to sources that spoke with Reuters on condition of anonymity, Foxconn is developing humanoid robots in collaboration with Nvidia, with plans of deploying them at its new Houston facility.
These machines will reportedly help assemble Nvidia’s AI servers – marking the first time for one of its products to be built with assistance from humanoid robots.
Nvidia stock remains near record levels, trading at about $144 at the time of writing.
Significance of Foxconn News for Nvidia Stock
Nvidia’s collaboration with Foxconn is significant for investors given it showcases demand for its Isaac robotics platform and Jetson AI chips.
Additionally, the Reuters report signals NVDA’s long-term potential in the trillion-dollar robotics economy.
It reinforces that Nvidia will emerge as the foundational infrastructure layer as industries embrace automation over the next few years, making this venture strategically and financially meaningful for those invested in Nvidia stock.
The humanoid robot news arrives only days after reports that NVDA plans on attending the China International Supply Chain Expo in July.
Barclays Says NVDA Shares May Be Headed for $200
Barclays analyst Tom O’Malley expects continued AI demand to help Nvidia beat estimates in the second half of 2025.
Despite a slower-than-expected ramp in Blackwell chip production, O’Malley sees massive upside potential in the AI stock as utilization remains rather encouraging.
Additionally, the company’s next-generation “Blackwell Ultra” remains on track and feedback from suppliers has also been positive for the remainder of this year, the analyst told clients in his latest report.
Barclays reiterated its “Overweight” rating on Nvidia shares on Friday and raised its price target to $200, indicating they could rally another 40% from current levels.
What’s the Consensus Rating on Nvidia?
While not as bullish as Barclays, other Wall Street firms remain constructive on Nvidia stock for the next 12 months as well.
According to Barchart, the consensus rating on NVDA shares currently sits at “Strong Buy” with the mean target of about $175 indicating potential upside of some 22% from here.
