Wall Street analysts are sharply raising their expectations for Nvidia after the world’s most valuable company delivered another quarter of exceptional growth, reinforcing the belief that the AI build-out remains far from peaking. The company reported $57.01 billion in quarterly revenue, up 62% from last year, and projected an even stronger $65 billion in revenue for the current quarter—well above consensus estimates. For a market increasingly sensitive to signs of an AI slowdown, the performance served as a critical psychological anchor, stabilizing sentiment after several volatile weeks in tech shares.

A Breakout Quarter That Reframes the AI Debate

Nvidia’s results did more than beat expectations—they challenged the emerging narrative that AI infrastructure spending may be reaching excess. CEO Jensen Huang’s assertion that AI is “not in a bubble” resonated widely, particularly as the company’s data-center revenue continued to scale and demand for its Blackwell-series chips remained well beyond supply.

Investors viewed the quarter as evidence that AI spending is broadening both geographically and across industries. Beyond cloud giants, sectors including healthcare, energy, automotive and financial services are increasingly integrating accelerated computing into long-term strategy. The pace of GPU adoption appears to be strengthening, not moderating.

Analysts Raise Targets as Revenue Visibility Improves

Following the results, top analysts moved quickly to revise their outlooks upward. Morningstar lifted its fair-value estimate to $240 a share, citing stronger-than-expected pricing power and revenue visibility. Jefferies raised its target to $250, noting that Nvidia remains the dominant supplier in the data-center acceleration market and could capture over 80% share under bullish scenarios.

Truist went further, lifting its target to $255. The firm highlighted Nvidia’s claim that six-year-old A100 chips remain fully utilized in the field, viewing this as one of the clearest indicators that AI infrastructure is still in early innings.

Most optimistic was Melius Research, which raised its target to $320—implying more than 70% upside. The firm highlighted more than $500 billion in cumulative Blackwell and Rubin orders, alongside rising gross margins and accelerating growth heading into fiscal 2027. For analysts, these factors collectively support the case that Nvidia could reach a $6 trillion valuation within 12–18 months, joining a club of one.

What the Market Is Watching Next

The next phase of the AI trade hinges on whether global data-center capital expenditures can sustain their current pace. Investors are now monitoring power-grid expansion, semiconductor supply chains, and corporate cloud spending forecasts. Concurrently, competition from AMD, custom silicon developed by cloud providers, and potential regulatory headwinds could shape the trajectory of AI adoption.

Still, the near-term outlook remains dominated by one theme: accelerating demand. If Nvidia continues to maintain supply constraints while expanding next-generation architectures across regions and industries, Wall Street’s aggressive price targets may soon appear conservative. For investors, the focus will be on whether the company can convert unprecedented demand into durable earnings momentum as the AI super-cycle matures.