Nvidia Signals $500B AI Chip Boom - Analysts See Big Upside Ahead

NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks Analysts are Tracking Closely. On October 28, Wolfe Research reiterated its “Outperform” rating on the stock with a $230 price target.

The firm cited significant growth visibility and material EPS upside potential behind the rating affirmation. In particular, it talked about how Nvidia has revealed more than $500 billion in demand for its next-generation Blackwell and Rubin chips. This demand is much higher than what the Street anticipates.

“NVDA held its semi-annual GTC conference today where the company indicated that it has visibility to more than $500bn in cumulative Blackwell and Rubin revenue through CY26 (so far). While the details of that disclosure are a bit unclear, even a conservative interpretation of those comments suggests significant upside vs. consensus expectations."

"Our analysis assumes NVDA means they will ship a total of $500bn of Rubin + Blackwell in CY25+CY26. Our total CY25+CY26 DC GPU revenue is for $360bn. This disclosure therefore suggests on the order of $140bn upside to datacenter GPU revenue over that period. If our interpretation is correct, this would suggest ~$3 EPS upside to our current $6.20 CY26 estimate.”

NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services.

While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.