Analysts Raise Nvidia’s Outlook as AI Demand Surpasses Expectations
Nvidia Corp. achieved a historic $5 trillion market valuation following its GTC event, where CEO Jensen Huang revealed $500 billion in orders for Blackwell and Rubin AI chips. The announcement has prompted Wolfe Research and Cantor Fitzgerald to upgrade their projections, citing underestimated long-term demand.
Wolfe Research's Chris Caso maintains an Outperform rating with a $230 price target, projecting $500 billion in chip shipments for 2025-2026—$140 billion above current estimates. "The gap implies Wall Street still isn't pricing in the full AI infrastructure buildout," Caso noted, suggesting $3 EPS upside potential.