Nvidia (NVDA) shares rose nearly 5% on Tuesday, bringing the company close to a $5 trillion market value, after CEO Jensen Huang revealed that Nvidia has lined up over $500 billion in orders for its upcoming Blackwell and Rubin chips. The comment came during Nvidia’s semi-annual GTC conference in Washington, D.C., where Huang described “exceptionally strong demand” for its next-generation AI processors.
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The massive $500 billion order update quickly caught Wall Street’s attention, with several Top analysts saying the figure points to stronger growth and higher earnings potential than current forecasts suggest.
For reference, the Blackwell chip is expected to launch later this year, while Rubin, due in 2026, will build on Blackwell’s design to extend Nvidia’s lead in data center and AI computing.
Wolfe Research Sees Big Upside Potential
Wolfe Research analyst Chris Caso reiterated an Outperform rating on Nvidia (NVDA) with a $230 price target, noting that the company’s latest disclosure of $500 billion in expected chip orders points to “significant upside compared with current Wall Street forecasts.”
The 5-star analyst estimates Nvidia may ship $500 billion worth of Blackwell and Rubin chips in calendar years 2025 and 2026, compared to his current forecast of about $360 billion for the same period. That difference could add roughly $140 billion in data center revenue and around $3 per share of additional EPS in 2026 if Nvidia’s outlook holds true.
The analyst noted that even a conservative interpretation of Huang’s remarks points to meaningful growth beyond Wall Street’s current models.
Cantor Fitzgerald Calls Estimates “Way Too Low”
Cantor Fitzgerald analyst C J Muse kept his Overweight rating and $300 price target on Nvidia, arguing that Wall Street’s current earnings estimates remain “way too low.” The 5-star analyst noted that Nvidia’s $500 billion in chip orders, along with new AI and supercomputer deals, point to much stronger growth than analysts now expect.
Cantor said that with over $500 billion in chip business booked through 2026, Nvidia’s earnings potential remains underappreciated. The firm added that, even with talk of an “AI bubble,” Nvidia still trades at roughly 21 times its projected 2026 EPS of $9–$10, calling the stock “too inexpensive to ignore.”
Is NVDA a Good Stock to Buy Now?
Analysts remain highly optimistic about Nvidia’s long-term outlook. On TipRanks, NVDA stock has a Strong Buy consensus rating based on 35 Buys, one Hold, and one Sell rating. The average Nvidia price target of $225 implies nearly 12% upside potential from current levels. Year-to-date, NVDA stock has gained nearly 50%.
