JPMorgan Analyst Doubles Down on Bullish Nvidia (NVDA) Call as AI Demand Hits Fever Pitch

Nvidia's AI dominance isn't just holding—it's accelerating. JPMorgan's latest analysis confirms what the street suspected: demand for AI infrastructure shows zero signs of cooling.

Behind the Numbers

Massive compute requirements and enterprise adoption drive relentless GPU demand. Data centers scramble for capacity while Nvidia's ecosystem tightens its grip on the AI supply chain.

Market Realities

While analysts cheer, remember this is the same crowd that once called crypto a 'fraud'—now they're all-in on silicon. Guess everyone loves a bandwagon when it's heading to the bank.

Bottom line: Nvidia keeps feeding the AI gold rush, and for now, the shovels are selling faster than the gold.

Elevate Your Investing Strategy:

• Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Demand Still Outpaces Supply

The analyst noted that even after two years of AI investment, demand for Nvidia’s chips still exceeds supply. Also, lead time is long but stable and is measured “in quarters, not months,” which points to robust demand.

Further, Sur highlighted that Nvidia’s latest AI chip, Blackwell Ultra (BWU), is scaling quickly, already making up about 50% of Blackwell shipments in fiscal Q2. Despite this ramp-up, the analyst said that supply constraints have not eased, reflecting the strong market appetite.

Vera Rubin Platform on Track for Late 2026

Looking ahead, Nvidia confirmed that its next-gen Vera Rubin platform, a six-chip system built for advanced AI workloads, is on track for a second-half 2026 launch. The company said all six chips have already been taped out at TSMC (TSM), putting to rest recent concerns of a potential delay.

This clarity around the platform’s rollout adds to Sur’s bullish outlook. He noted that Nvidia’s ability to launch new products on schedule, manage supply constraints, and maintain pricing power helps build confidence in its growth potential through the next year.

Is NVDA a Strong Buy?

Turning to Wall Street, analysts have a Strong Buy consensus rating on NVDA stock based on 34 Buys, three Holds, and one Sell assigned in the past three months. Further, the average NVDA price target of $211.36 per share implies 23.64% upside potential.