Key Points
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Opportunities continue to mount for the AI chipmaker.
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Several Wall Street analysts have increased their price targets ahead of the company’s financial report next week.
Shares of Nvidia (NASDAQ: NVDA) rose by as much as 4.7% on Thursday, hitting a new all-time high, bolstered by positive news including approval for its H200 AI chips by major Chinese companies such as Alibaba, Tencent Holdings, ByteDance, and JD.com. Nvidia CEO Jensen Huang estimates the Chinese AI chip market could be worth $50 billion to the company, providing a significant growth opportunity.
Ahead of Nvidia’s earnings report next week, several Wall Street analysts have raised their price targets. Cantor Fitzgerald’s C.J. Muse increased his target from $300 to $350, representing a potential 55% gain from Wednesday’s closing price. UBS’s Timothy Arcuri raised his target from $245 to $275, suggesting conservative expectations for the upcoming quarter.
In the fiscal year ending January 2026, Nvidia generated $216 billion in revenue, and successful reentry into the Chinese market could boost annual revenue further by 23%.
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