Nvidia has delivered such massive gains in recent years that it's easy to overlook how the stock has performed over the short term. Most investors would be happy with a 20% gain in a year. Nvidia's share price has soared over 20% in the last five weeks.

Shares of Nvidia rose more than 3% on Thursday, briefly tapping a new intraday high of $140.89. It bested a previous record of $140.76, set June 20.

Nvidia has a median 12-month price target of $150 per share. That implies 15% upside from its current share price of $131. Arm has a median 12-month price target of $144 per share. That implies 5% downside from its current share price of $151.