Nvidia (NASDAQ:NVDA) has reached a point where even an 83% gain over the past year can start to look disappointing. As some of its peers have gone on explosive triple-digit runs, parts of the market have started treating Nvidia like yesterday’s AI winner rather than the company still supplying much of the hardware behind the AI infrastructure boom. Yet, despite the stock’s slower pace of gains, Nvidia remains the world’s most valuable company, and the business itself continues firing on all cylinders.
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New trading tool for NVDA bearsWith the company scheduled to report fiscal first-quarter (April quarter) results on May 20, investor Anthony Di Pizio believes the current setup could offer investors a chance to buy the stock at what may prove to be a discount. After several of Nvidia’s largest data center customers recently raised their AI infrastructure spending forecasts, Di Pizio sees the upcoming earnings report as a potential “major upside catalyst” for the stock, arguing that Wall Street’s forward revenue estimates for Nvidia could still “prove too low.”
Meanwhile, Nvidia’s next-generation Vera Rubin platform is set to begin shipping soon. The system combines the Rubin GPU, Vera CPU, NVLink 6 switches, and other networking technology, and management says it can train AI models using 75% fewer GPUs than Blackwell while cutting inference token costs by 90%. That could allow data center operators to lower prices significantly while still preserving or even improving margins.
The end result could be broader AI adoption, potentially fueling even greater demand for Nvidia’s chips. CEO Jensen Huang previously said the Vera Rubin platform is expected to begin shipping in volume during the second half of this year, but Di Pizio recommends watching for any timeline updates in his May 20 commentary.
Despite its standing as the world’s most valuable firm, Di Pizio also points out that heading into the print, the stock is “attractively valued,” noting that Nvidia generated adjusted EPS of $4.77 in fiscal 2026, leaving the shares trading at a P/E ratio of 40.5 – well below the company’s 10-year average multiple of 61.7.
“If the report shows stronger sales and higher forward guidance than expected, analysts will likely have to increase their estimates, making the stock look even cheaper at the current price,” Di Pizio summed up. “I think that is the likely outcome, since AI infrastructure spending shows no signs of slowing.” (To watch Di Pizio’s track record, click here)
The Street’s analyst community agrees with that assessment. Based on a mix of 40 Buys, and 1 Hold and Sell, each, the consensus view is that this stock is a Strong Buy. At $274.38, the average price target offers a 12-month upside of 27.5%. (See NVDA stock forecast)
Disclaimer: The opinions expressed in this article are solely those of the featured investor. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.