Tesla shares have declined 3% year to date, while Microsoft shares have advanced just 9%. But Wall Street expects the stocks to move in opposite directions over the next year. Among the 58 analysts that follow Microsoft, the median price target is $497.50 per share. That forecast implies 22% upside from its current share price of $409.

Analysts say strong demand for the new Blackwell chip lineup positions Nvidia to deliver strong numbers next year.

Nvidia stock seems to be climbing back to its record high close from June. The AI chipmaker’s stock was up almost 1% at the open on Wednesday, to about $134 per share. It later fell to about $133 per share.