Nvidia (NVDA) delivered another blockbuster quarter, and the timing could not have been better. As investors were still reacting to the strong results, the White House stepped in with unexpected support. Officials urged Congress to reject the GAIN AI Act, a proposal that would restrict Nvidia’s ability to export advanced AI chips to China and other controlled regions. The move eased concerns around tighter export rules that had weighed on sentiment in recent weeks.
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With strong earnings already lifting confidence, this policy backing gives Nvidia even more momentum. NVDA shares are moving higher in pre-market trading.
For context, the GAIN AI Act would require U.S. chipmakers to meet domestic demand first before selling to countries under arms embargoes. If passed, it would have slowed Nvidia’s access to one of the world’s largest chip markets.
Q3 Earnings Results Snapshot
The company reported $57 billion in Q3 revenue, up 62% from last year, with data center sales soaring to $51.2 billion, a 66% jump. Adjusted earnings came in at $1.30 per share, beating estimates, as demand for Nvidia’s AI chips stayed strong.
CEO Jensen Huang shared that Blackwell chip sales are “off the charts,” and cloud GPU orders are “sold out.” His clear message pushed back against fears of an AI bubble, showing the market’s hunger for real AI innovation.
Analysts Remain Upbeat about NVDA Stock
Following the earnings report, Goldman Sachs analyst James Schneider raised his price target to $250 from $240 and kept a Buy rating. He said the after-hours rally made sense, pointing to strong guidance and clear comments from management. Schneider noted that Nvidia now sees room for higher data center revenue ahead and confirmed that its next-generation Rubin platform is still on schedule for mid-2026.
Similarly, Melius analyst Ben Reitzes also raised his outlook after the results, lifting his price target to $320 from $300 and keeping a Buy rating. He said the key point is that Nvidia’s growth is not slowing. The company now has more than $500 billion in Blackwell and Rubin orders through 2026, giving strong visibility for future data center revenue. Reitzes also highlighted Nvidia’s improving margins, with gross margin now moving toward 75%, which he sees as a sign of strong pricing power and scale.
Is NVDA a Strong Buy?
Turning to Wall Street, analysts have a Strong Buy consensus rating on NVDA stock based on 37 Buys and one Sell assigned in the past three months. Further, the average NVDA price target of $246.41 per share implies 32.11% upside potential.
