Nvidia’s (NVDA) shares fell 1% in Thursday’s pre-market session despite the chipmaking giant’s solid first-quarter earnings and analysts’ price target boosts in response. However, TipRanks’ Crowd Wisdom tool shows that more investors are betting on the chip designer compared to its Magnificent Seven peers.
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Explore AMZO for 2X short leverage on AMZNNvidia Tops Q1 2027 Earnings Expectations
During the quarter, which ended on April 26, Nvidia’s sales and earnings per share (EPS) surpassed Wall Street’s expectations. Its sales climbed by 85% from the year-ago quarter to $81.6 billion, while its EPS grew by a much more massive 131% to $1.87.
However, investors in Nvidia’s shares — which are up roughly 20% since the start of the year — gave a muted response to the earnings, likely spooked by Nvidia’s warning of future supply constraints for its upcoming Vera Rubin AI system and uncertainty around the exports of its AI chips to China.
How Investors Are Betting on Nvidia vs. Peers
Despite the tempered reaction, TipRanks’ Crowd Wisdom tool — which tracks the trading activities of more than 862,000 retail investors on TipRanks — indicates that Nvidia continues to lead more of its Magnificent Seven peers in terms of investor sentiment and capital commitments.
On TipRanks, 18.1% of all portfolios hold NVDA, and investors have a Positive sentiment on the stock. In addition, 0.4% of all portfolios have added Nvidia’s stock to their holdings over the past week and 1.1% over the last 30 days, as the image below shows.
This compares more favorably to peers, with only Alphabet (GOOGL) having pulled more portfolio additions over the past month:
- Meta (META) — Neutral, -0.1% (7 days), 0.2% (30 days)
- Amazon (AMZN) — Neutral, less than -0.1%, 0.4%
- Microsoft (MSFT) — Positive, 0.3%, 0.9%
- Alphabet (GOOGL) — Positive, less than -0.1%, 1.3%
Is Nvidia Stock a Good Buy Now?
On Wall Street, Nvidia’s shares remain a Strong Buy based on analysts’ consensus rating. This breaks down to 38 Buys and one Hold assigned over the past three months.
In addition, the average NVDA price target of $301.32 suggests about 35% upside from current trading levels.
