Nvidia (NVDA) shares are trading near their year-to-date high of $200, after gaining more than 30% in 2025. Nvidia remains in focus as investors debate whether the stock can continue its strong momentum to the end of 2026. Despite the rally, Wall Street’s outlook on Nvidia remains highly unified. Of the 43 analysts covering the stock, 41 rate it a Buy. The average 12-month price target of $273.57 implies nearly 38% upside from current levels.
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When Is Nvidia’s Next Earnings Report?
Nvidia will announce its Q1 2026 results on May 27. For Q1, revenue is expected to be $78.0 billion. Nvidia is not assuming any data center revenue from China in this outlook. Gross margins are expected to be 74.9% (GAAP) and 75.0% (non-GAAP), with a possible variation of ±50 basis points.
Nvidia continues to benefit from strong demand for AI chips used in data centers, cloud computing, and advanced machine learning models. Big tech companies are still investing heavily in AI infrastructure, which supports Nvidia’s revenue growth.
Is Nvidia Still the Safest AI Bet in 2026?
The short answer is yes—based on current fundamentals. With $68.13 billion in quarterly revenue, 73.2% year-over-year growth, and a dominant position in AI infrastructure, Nvidia continues to outperform most major tech peers.
Additionally, Nvidia sits at the center of the AI ecosystem. Unlike companies that build AI software, Nvidia provides the hardware that powers it. For example, Nvidia supplies the GPUs and networking systems that run AI systems. This is why many analysts believe Nvidia is hard to replace. In simple terms, AI models may compete with each other, but the infrastructure behind them is much harder to replicate.
Analysts Stay Bullish on NVDA Stock
Earlier this month, DBS’ five-star-rated analyst Fang Boon Foo raised his price target on NVDA stock from $180 to $220, keeping his Buy rating. Foo highlighted the ongoing push to develop more advanced AI models and Nvidia’s key role in providing the high-end hardware needed to support them. He also pointed to strong demand for Nvidia’s chips, which are widely used in building and powering data centers.
Meanwhile, Melius Research analyst Ben Reitzes has the Street-high price target of $380 on NVDA, suggesting over 90% upside. His view is based on Nvidia’s long-term data center growth opportunity, especially after CEO Jensen Huang highlighted a potential $1 trillion revenue run rate from its Blackwell and Rubin platforms by 2027.
Reitzes also believes this estimate may still be conservative. The $1 trillion figure does not include newer growth drivers such as AI inference systems, networking, and additional future orders.
Year-to-date, NVDA stock has gained over 6%.
