Concerns that the recent breakout rally in Nvidia’s stock was “false” are still premature, unless it falls through key support at recent lows.

Shares of artificial intelligence darling Nvidia closed at an all-time high Monday, just a week after the stock set its previous record.

Nvidia stock is trading at record highs, but that's not deterring top Wall Street analysts from being bullish. Bank analysts have been hiking their price targets for the chip titan in recent weeks, predicting more upside even as the stock has seen a meteoric rise over the past year.