Nvidia (NVDA) has long been the face of the AI boom. The chipmaker powers most of the world’s AI data centers, and demand for its chips is still far ahead of supply. After a sharp 10.1% jump over the past five days, Nvidia’s market cap has climbed to a massive $5.71 trillion. As investors look ahead to the May 20 earnings report, the focus has shifted to whether Nvidia can hit a $6 trillion valuation in 2026.
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New trading tool for AMZN bullsThe recent rally has been fueled by several key drivers. Reports said the U.S. approved about 10 major Chinese tech firms, including Alibaba (BABA), Tencent (TCEHY), and ByteDance, to buy Nvidia’s H200 chips, which lifted sentiment. Also, CEO Jensen Huang is attending a U.S.-China summit, raising hopes that export rules could ease. Moreover, overall demand for AI data centers and GPUs remains very strong, helping push the stock higher.
3 Key Catalysts That Could Keep Nvidia’s Rally Going
For Nvidia to reach $6 trillion from its current $5.71 trillion value, the stock needs to rise only about 5.1%. After the recent surge, that goal looks much closer. These three catalysts could help drive the next leg higher:
- Blackwell & Vera Rubin Chips: Nvidia is preparing to roll out its Blackwell and Vera Rubin data center chips in 2026 and 2027. Huang has called demand for the Blackwell B300 and GB300 “insane,” hinting at major revenue growth ahead.
- Custom Silicon Strength: Even as companies such as Amazon (AMZN) and Google (GOOGL) build their own chips, they are still increasing orders for Nvidia’s GPUs to train their most advanced AI models. Also, major tech giants, including Microsoft (MSFT), Google, and Meta (META), are expected to spend over $700 billion on AI capex in 2026, and a huge share of that money is set to flow to Nvidia.
- Upcoming Earnings Report: Wall Street is turning more bullish ahead of Nvidia’s May 20 earnings. The consensus estimate for revenue has climbed to $78.8 billion, with some estimates reaching $80 billion. If Nvidia delivers another strong “beat and raise,” the $6 trillion mark could be crossed in May.
What Is the Prediction for NVDA Stock?
Turning to Wall Street, NVDA stock has a Strong Buy consensus rating based on 40 Buys, one Hold, and one Sell assigned in the last three months. At $279.28, the average Nvidia stock price target implies an 18.47% upside potential.
