So by middle of 2025, wall street will be looking at how NVDA "will be doing" in 2026. Investment is always forward looking.
My guess for NVDA stock next year, we should see a huge push up in Q1 and Q2, due to confirmed blackwell demand, and the comfort that they can hit $190B revenue as estimated here. NVDA price should reach 170 or higher in first half of 2025
After Q2, NVDA stock will come under close scrutiny. If they are able to show how they can continue to grow revenue by another 50% in 2026, the stock price will rocket into 200+. But if they can't, even if they grow revenue in 2026 to, say, 240B, its stock will crash hard in second half of 2025 (potential 35% haircut)