Nvidia (NVDA) shares are inching up in the build up to the launch of its RTX 5060 Ti gaming hardware that promises cutting-edge technology at an accessible price point on April 16. 

Nvidia’s new family of GPUs offers improvements in ray tracing, AI-powered enhancements, and energy efficiency at a starting price of just $299 – which could prove revolutionary for gamers. 

Nvidia’s announcement indicates its continued commitment to the gaming industry and may offer another reason to believe in this AI stock’s ability to weather the ongoing tariffs uncertainty.

Why Is the RTX 5060 News Significant for NVDA Shares?

Investors are responding positively to the RTX 5060 Ti news as “gaming” remains a significant business for Nvidia, generating about $2.5 billion in the company’s latest reported quarter. 

Its lower price point, they’re convinced, will drive higher sales volumes and help NVDA beat top-line estimates by an even bigger margin in its current financial quarter. 

In February, the Nasdaq-listed firm guided for $43 billion in revenue for its fiscal Q1 that already topped Street estimates and would translate to a whopping 65% increase on a year-over-year basis.  

Still, Nvidia stock is down nearly 27% versus its year-to-date high at the time of writing. 

Nvidia Stock Dubbed a Top Pick at Redburn Atlantic

Nvidia stock is gaining this morning also because Timm Schulze-Melander – a Redburn Atlantic analyst – dubbed the AI darling a “top pick” in his research note on Tuesday. 

Schulze-Melander recommends loading up on NVDA shares as “leading-edge AI and chipmaking investment will prove to be more resilient” amidst macroeconomic uncertainty. 

His $178 price target on the semiconductor stock indicates potential upside of more than 55% from current levels.

In the near term, Nvidia shares are also strongly positioned to benefit after President Donald Trump agreed to exempt tech products such as smartphones, computers, and other electronic devices from aggressive tariffs last week.   

Tariffs-Driven Selloff in NVDA Is an Opportunity to Buy

Redburn’s Schulze-Melander is not a sole believer in Nvidia’s ability to survive tariffs-related uncertainty.

The consensus rating on NVDA shares currently sits at “Strong Buy” with the mean target of about $174 indicating potential upside of more than 50% from here.