Nvidia ( (NVDA) ) has risen by 8.42%. Read on to learn why.
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Forget margin or options. Here's how the pros trade NVDANvidia shares climbed 8.42% over the past week as investors grew more confident ahead of the company’s Q1 FY27 earnings report on May 20, 2026. A fresh note from Goldman Sachs analyst James Schneider helped fuel the move, with the firm reiterating a Buy rating and a $250 price target, suggesting meaningful upside from current levels. Schneider argues that Nvidia is trading below its historical valuation despite remaining a central player in the global AI build‑out.
The bullish call centers on the next phase of AI—so‑called “Agentic AI,” where systems can reason and act independently—potentially driving a new wave of demand for Nvidia’s GPUs and its under‑appreciated server CPU business. Goldman expects a “beat‑and‑raise” quarter, with its earnings forecasts for 2026 and 2027 running well ahead of the broader market. Wall Street consensus is already looking for a sharp jump in Nvidia’s performance, with earnings per share projected to more than double and revenue to surge on strong uptake of its Blackwell chips and Grace Blackwell platforms.
Despite rising competition from peers like AMD and surging demand for AI memory suppliers such as Micron, Nvidia still commands a Strong Buy rating from analysts. The stock enjoys broad support, with an average 12‑month price target that implies over 30% additional upside from here. For investors, the combination of a recent 8.42% weekly gain, robust AI end‑market trends, and expectations of another strong earnings beat keeps Nvidia firmly in focus as a cornerstone name in the ongoing AI investment cycle.