Nvidia’s $500B AI Chip Orders Signal Robust Growth, Analysts Bullish
Nvidia shares surged nearly 5% Tuesday, approaching a $5 trillion valuation after CEO Jensen Huang disclosed $500 billion in orders for its next-gen Blackwell and Rubin AI chips. The announcement at the GTC conference underscored unprecedented demand for Nvidia's data center and AI processors.
Wall Street analysts immediately revised growth projections upward. Wolfe Research's Chris Caso maintained an Outperform rating with a $230 target, calling the order backlog "a clear indicator of earnings potential beyond consensus estimates." Blackwell ships this year, while Rubin's 2026 launch aims to cement Nvidia's market dominance.