Nvidia and Veeva Systems' Growth Potential
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 02 2026
0mins
Should l Buy NVDA?
Source: NASDAQ.COM
- Nvidia's Market Leadership: Nvidia's stock has surged 83% over the past year, with a 65% year-over-year revenue increase to $215.9 billion for fiscal year 2026, demonstrating strong financial performance and sustained demand for AI chips, positioning it to continue leading the AI market.
- Future Order Outlook: Nvidia anticipates approximately $1 trillion in combined orders for Vera Rubin and Blackwell by 2027, indicating the company's robust competitiveness and potential for future growth in the AI chip sector.
- Veeva Systems' Market Advantage: Despite facing competition, Veeva Systems dominates the cloud solutions market for life sciences, with a 16% year-over-year revenue growth to $3.2 billion in fiscal year 2026, reflecting strong demand in its niche market.
- AI Adaptability: Veeva Systems has launched an AI system aimed at boosting productivity, with a client base that includes 15 of the top 20 biopharma companies, underscoring its significance in the industry and ample room for future growth.
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Analyst Views on NVDA
Wall Street analysts forecast NVDA stock price to rise
41 Analyst Rating
39 Buy
1 Hold
1 Sell
Strong Buy
Current: 211.500
Low
200.00
Averages
264.97
High
352.00
Current: 211.500
Low
200.00
Averages
264.97
High
352.00
About NVDA
NVIDIA Corporation is an artificial intelligence (AI) infrastructure company. The Company is engaged in accelerated computing to help solve the challenging computational problems. Its segments include Compute & Networking and Graphics. The Compute & Networking segment includes its Data Center accelerated computing and networking platforms and AI solutions and software, and automotive platforms and autonomous and electric vehicle solutions, including software. The Graphics segment includes GeForce GPUs for gaming and personal computers (PCs), and Quadro/NVIDIA RTX GPUs for enterprise workstation graphics. Its technology stack includes the foundational NVIDIA CUDA development platform that runs on all NVIDIA GPUs, as well as hundreds of domain-specific software libraries, frameworks, algorithms, software development kits (SDKs), and application programming interfaces (APIs). Its platforms address four markets, which include Data Center, Gaming, Professional Visualization, and Automotive.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Strong Market Demand: The anticipated market opportunity for Nvidia's Blackwell and Rubin systems has surged to over $1 trillion, as CEO Jensen Huang highlights a significant increase from the previous $500 billion forecast, showcasing the rapid evolution of AI infrastructure demand.
- Infrastructure Investment: Nvidia plans to invest up to $2.1 billion in data center operator Irena to deploy 5 gigawatts of AI infrastructure, demonstrating the company's proactive strategy to meet the escalating computational needs of AI workloads.
- Diversified Customer Base: While the top five hyperscalers account for 60% of Nvidia's business, the remaining 40% comes from enterprises, sovereign AI projects, and edge computing, providing resilience against spending slowdowns in any single industry segment.
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- Chinese Economic Data: China's producer prices exceeded expectations in April, reaching a 45-month high, which adds pressure on manufacturers already struggling with weak domestic demand, potentially impacting global market sentiment.
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- Website Promotion: Trump has also launched the TrumpIRA.gov website, designed to help individuals easily find financial companies offering retirement accounts eligible for the new matching program, thus enhancing accessibility and convenience for retirement savings.
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- Revenue Growth Outlook: Nvidia has guided for approximately $78 billion in revenue for Q1 FY2027, reflecting a year-over-year growth rate of 73% to 80%, indicating strong potential for further stock price appreciation driven by AI advancements.
- Strong Market Demand: The anticipated market opportunity for Nvidia's Blackwell and Rubin systems has surged to over $1 trillion, as CEO Jensen Huang highlights a significant increase from the previous $500 billion forecast, showcasing the rapid evolution of AI infrastructure demand.
- Infrastructure Investment: Nvidia plans to invest up to $2.1 billion in data center operator Irena to deploy 5 gigawatts of AI infrastructure, demonstrating the company's proactive strategy to meet the escalating computational needs of AI workloads.
- Diversified Customer Base: While the top five hyperscalers account for 60% of Nvidia's business, the remaining 40% comes from enterprises, sovereign AI projects, and edge computing, providing resilience against spending slowdowns in any single industry segment.
See More
Market Outlook: Geopolitical Tensions and Economic Data Intertwined
- Geopolitical Tensions: President Trump's rejection of Iran's peace proposal as 'totally unacceptable' highlights the significant gap between the parties in reopening the Strait of Hormuz, resulting in oil prices rising over 4% during the Asian trading session.
- Market Volatility: The geopolitical developments led to a slight decline in S&P 500 futures while European futures remained flat; however, the artificial intelligence sector continues to drive equities higher, with South Korean shares surging nearly 5% due to strong performances from chipmakers.
- Chinese Economic Data: China's producer prices exceeded expectations in April, reaching a 45-month high, which adds pressure on manufacturers already struggling with weak domestic demand, potentially impacting global market sentiment.
- U.S. Economic Indicators: U.S. home sales data is set to be released on Monday, with the market closely monitoring this information to assess economic health, alongside earnings reports from SoftBank and Nippon Yusen after the Tokyo market closes, which may influence investor sentiment.
See More
Investors Reassess Semiconductor Companies' Value
- Nvidia's Infrastructure Shift: Nvidia's stock reached a new high of $217.80, pushing its valuation past $5.23 trillion, reflecting strong investor expectations around its next-generation Vera Rubin computing platform designed to support advanced AI systems, marking a shift from traditional chipmaker to global AI infrastructure provider.
- Micron's Memory Demand Surge: Micron's stock jumped 15.4%, lifting its market value above $842 billion, driven by robust demand for high-bandwidth memory and next-gen storage products, particularly as its HBM4 supply is fully booked through 2026, solidifying its market position in AI data centers.
- Qualcomm's Edge Computing Demand: Qualcomm's stock rose over 8%, with analysts upgrading its rating from 'Neutral' to 'Outperform' and raising the price target from $140 to $225, indicating a reassessment of its long-term opportunities in AI-powered PCs and mid-range phones, suggesting AI is moving closer to user devices.
- Overall Market Sentiment Optimistic: Nvidia, Micron, and Qualcomm all hit 52-week highs, reflecting optimistic sentiment in the semiconductor sector as investors focus more on the scale and durability of global compute demand rather than early-stage AI speculation, indicating a strategic shift in the industry.
See More
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- Savings Habit Incentive: President Trump's new executive order aims to encourage Americans to save by offering a match of up to 50% on contributions, potentially benefiting 56 million individuals without employer-sponsored retirement plans, thereby improving their financial health.
- Tax Credit Transformation: The new 'Saver's Match' program will replace the existing tax credit, allowing savers to receive up to $1,000 in matching funds subject to income limits, with the concept of 'free money' likely to attract more participants to saving.
- Website Promotion: Trump has also launched the TrumpIRA.gov website, designed to help individuals easily find financial companies offering retirement accounts eligible for the new matching program, thus enhancing accessibility and convenience for retirement savings.
- Importance of Retirement Savings: Despite many Americans failing to fully utilize retirement savings opportunities, the government hopes that the new policy and resources will encourage more individuals to start saving, ultimately improving their quality of life in retirement.
See More
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- Cerebras IPO Upsizing: Cerebras is set to go public on Nasdaq this Thursday, with its IPO price range raised from $115-$125 to $150-$160 per share, potentially raising about $4.8 billion, reflecting strong market demand and positioning it as the largest IPO of 2026.
- Digi Power X Deal Surge: Digi Power X has secured a colocation deal with Cerebras worth up to $2.5 billion to provide 40 megawatts of compute power, with an initial 10-year contract valued at approximately $1.1 billion, significantly enhancing its market position amid rising AI infrastructure needs.
- Retail Interest Spike: Shares of Digi Power X surged over 5% in overnight trading, with retail message volumes increasing by 258% and watchers up by 33%, indicating strong investor interest in its infrastructure deal, which could further drive stock price appreciation.
- ATM Program Expansion: Digi Power X has expanded its at-the-market equity program by $100 million, raising the total potential offering to $175 million, signaling confidence in future growth and potentially providing funding support for upcoming projects.
See More
AI Companies' Strong Growth Fuels Market Confidence
- TSMC's Impressive Performance: Taiwan Semiconductor Manufacturing Company (TSMC) reported a 41% year-over-year revenue increase in Q1 2026, with gross margins rising to 66.2%, highlighting its strong growth in AI; the company projects a 35% revenue increase for Q2, solidifying its market leadership.
- Amazon's Cloud Strength: Amazon's Q1 results showed AWS achieving triple-digit revenue growth, particularly in AI services, with customer spending on core cloud services increasing, and advertising revenue up 24% year-over-year, showcasing its robust competitive position in cloud computing and advertising.
- Lemonade's Insurance Innovation: Lemonade's in-force premium grew by 32% year-over-year, and while still reporting losses, management anticipates positive EBITDA by year-end, indicating that its AI-driven business model is maturing and attracting investor interest.
- Market Investment Opportunities: With the rapid advancement of AI technology, companies like TSMC, Amazon, and Lemonade demonstrate strong long-term growth potential, presenting investors with opportunities to capitalize on this market wave, especially in the context of ongoing AI expansion.
See More
