AI-driven chipmaker Nvidia (NVDA) wrapped up its GTC 2025 conference on Friday, after a week of groundbreaking announcements and expert discussions. Key Highlights included the unveiling of the Blackwell Ultra GPU, a teaser for the even more powerful Vera Rubin chip, and the introduction of its planned humanoid robot, GROOT N1. Despite these major announcements, NVDA stock failed to gain momentum, declining by 4.5% over the last five trading days. However, five-star-rated analyst Timothy Arcuri remains bullish on Nvidia’s AI-driven growth potential and strong data center revenues.
Notably, Nvidia’s GPU Technology Conference (GTC) is an annual event highlighting breakthroughs in AI, machine learning, and high-performance computing. For this year, GTC took place from March 17-21 in San Jose, California.
UBS Reiterates Buy on NVDA Stock
Arcuri reiterated a Buy rating on NVDA stock, predicting an upside of 57% from current levels. UBS stated that Nvidia didn’t provide a specific forecast for data center spending, but its commentary strongly suggested confidence in doubling its data center revenue from $215 billion (UBS estimate) in 2025 to over $400 billion by 2028. If achieved, this could push EPS to around $12 per share within that timeframe.
Nvidia also pointed out that traditional data center spending estimates often overlook major upcoming AI clusters, including those from xAI, OpenAI, sovereign projects, and emerging Neocloud providers.
In particular, Arcuri noted that sovereign projects, which are government-led AI initiatives, are a key driver that could significantly increase demand for AI infrastructure. He also highlights a major opportunity for Nvidia, as it is well-positioned to meet the growing global demand for AI infrastructure, fueled by sovereign AI initiatives.
Is it Good to Buy Nvidia Stock?
According to TipRanks, NVDA stock has received a Strong Buy rating based on 39 Buys and three Holds in the last three months. At $176.54, the Nvidia average share price target implies a 50% upside potential.
