TLDR
- Nvidia hit a new 52-week high of $227.84, after Bank of America raised its price target from $300 to $320, keeping a Buy rating.
- CEO Jensen Huang joined President Trump on a China trip, raising hopes for H20 chip exports to Chinese firms.
- Wall Street expects Q1 FY2027 revenue of $78.62 billion, up 78% year-over-year, with earnings per share of $1.74.
- BofA analyst Vivek Arya also flagged a potential new CPU launch at Computex Taipei and the start of Vera Rubin AI system shipments in H2 2026 as upcoming catalysts.
- Nvidia’s market cap has crossed $5.5 trillion, with 48 of 54 analysts rating the stock a Buy or Strong Buy.
Nvidia (NVDA) stock touched $227.84 on Thursday, a new 52-week high, after Bank of America raised its price target to $320 from $300. The stock had closed the prior session at $220.78.
BofA analyst Vivek Arya lifted the target citing a larger long-term AI data center market and accelerating AI spending. Arya is ranked 81st out of more than 12,000 analysts on TipRanks and has generated an average return of over 82% for investors over the past 12 months on Nvidia alone.
The move came as Nvidia extended a six-day winning streak heading into its May 20 earnings report.
Citi separately said Nvidia’s Q1 revenue could beat consensus by around $1.4 billion. Wall Street as a whole is looking for $78.62 billion in revenue for the quarter ended April 26, a 78% jump year-over-year. EPS is forecast at $1.74, up 115% from a year ago.
Nvidia’s last quarterly report, covering Q4 FY2026, saw revenue come in at $68.13 billion, beating estimates of $65.56 billion. EPS was $1.62 versus the $1.54 consensus. Revenue was up 73.2% year-over-year.
China Deal in Focus
Jensen Huang joined President Trump on his Middle East and Asia trip, with traders watching closely for any news on export access. Nvidia has received U.S. clearance to sell its H20 chips to around 10 Chinese firms, according to Reuters. However, no deliveries have been made due to pushback from Beijing on domestic companies placing those orders.
Any progress on this front could be a meaningful development ahead of earnings. Nvidia’s market cap currently sits above $5.5 trillion, despite generating zero revenue from China under the current export controls.
What Analysts Are Watching
Beyond earnings, BofA flagged several other potential catalysts. Arya sees a possible new CPU announcement at Computex Taipei, following Nvidia’s March introduction of the Vera CPU for autonomous AI tasks. He also pointed to the expected start of Vera Rubin AI system shipments in H2 2026, and the possibility of increased cash returns to shareholders later this year.
Wells Fargo and Susquehanna have also raised their Nvidia price targets ahead of the earnings print.
Across Wall Street, the consensus is firmly bullish. Of 54 analysts tracked by MarketBeat, 48 rate Nvidia a Buy or Strong Buy, with two on Hold and none on Sell. The average price target across the group stands at $277.32.
Nvidia’s stock has a 50-day moving average of $190.40 and a 200-day moving average of $187.78. The PE ratio sits at 46.09 and the beta at 2.25.
Institutional ownership stands at 65.27%. One note of caution: insiders sold a total of 906,336 shares worth roughly $162.8 million over the past 90 days.
Volume on Thursday reached more than 149 million shares traded by mid-session, well above normal levels. Options activity was also elevated, with call volume running unusually high, suggesting traders are positioning for further upside ahead of the May 20 earnings report.
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