Nvidia Smashes Q1 Earnings—Is $175 the Next Stop on Its AI Rocket Ship?
Another quarter, another gravity-defying leap for the chipmaker fueling the AI gold rush. Nvidia’s Q1 earnings didn’t just beat expectations—they vaporized them, leaving analysts scrambling to update price targets.
Wall Street’s new favorite one-way bet? The stock’s parabolic rally has turned skeptics into converts (or silenced them entirely). But with whispers of $175 circulating, even the bulls wonder how much higher this train can go before someone yells ’ticket check.’
Funny how ’exponential growth’ suddenly becomes believable when there’s FOMO to monetize. Meanwhile, value investors quietly weep into their discounted cash flow models.
Source: Politico
Nvidia Poised for $175? Why Q1 Earnings Could Propel The Stock
The US stock market’s string of inconsistencies has only continued this week. After a slightly rebounded week to end May, June has seen prices slip. Indeed, the first trading day of the month has seen the Nasdaq and S&P 500 drop as trade tensions continue to abound.
That may not be enough to knock one of the most prominent tech companies back, however. Specifically, Nvidia (NVDA) may soon be $175 bound after it unveiled record-breaking Q1 earnings data. Indeed, the firm reinforced why it is among the most promising in the Magnificent 7 slate.
In its first quarter data for fiscal 2026, the AI chipmaker reported $44.1 billion in revenue. That figure is up 69% year-over-year while jumping 12% from last quarter. That isn’t all, as its net income was also up 26% year-over-year, reaching $18.8 billion.
The key growth driver appears to be its data center business. Revenue in that sector surged 73% from the previous year, reaching $39.1 billion in a major development. Now, all eyes are on how that could impact the stock as it enters critical summer months.
On Monday Nvidia shares jumped 1% when trading began, jumping to $136.78 and continuing its 19% jump over the last 30 days. Moreover, it holds a median price target of $175, representing 27% upside. Additionally, 90% of 71 surveyed analysts have given the stock a buy rating despite the volatility of the year so far.
