Nvidia CEO Jensen Huang Highlights Surge in AI Chip Demand at CES 2026, Revenue Hits $57 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Fool
- Significant Revenue Growth: Nvidia reported $57 billion in revenue for Q3 of fiscal 2026, marking a substantial 62% year-over-year increase, highlighting the company's strong demand and growth potential in the AI chip market.
- Strong Data Center Performance: Data center revenue reached $51.2 billion, up 66% from the previous year, indicating robust demand for Nvidia's cloud GPUs, particularly strong sales of the Blackwell series.
- Broad AI Market Outlook: Nvidia is projected to generate $213 billion in revenue for fiscal 2026 and $321 billion for fiscal 2027, reflecting an estimated 50% annual growth rate driven by rapid advancements in AI technology and sustained market demand.
- Increased Demand for Older Chips: As Nvidia rolls out its next-generation Rubin chips, older chip prices are expected to decline by a factor of 10 annually, making them more accessible to developers and fostering a secondary market, thereby expanding Nvidia's market share.
Analyst Views on NVDA
Wall Street analysts forecast NVDA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NVDA is 255.63 USD with a low forecast of 185.00 USD and a high forecast of 352.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
40 Analyst Rating
38 Buy
1 Hold
1 Sell
Strong Buy
Current: 187.050
Low
185.00
Averages
255.63
High
352.00
Current: 187.050
Low
185.00
Averages
255.63
High
352.00
About NVDA
NVIDIA Corporation is a full-stack computing infrastructure company. The Company is engaged in accelerated computing to help solve the challenging computational problems. The Company’s segments include Compute & Networking and Graphics. The Compute & Networking segment includes its Data Center accelerated computing platforms and artificial intelligence (AI) solutions and software; networking; automotive platforms and autonomous and electric vehicle solutions; Jetson for robotics and other embedded platforms, and DGX Cloud computing services. The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems, and Omniverse Enterprise software for building and operating industrial AI and digital twin applications.
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.
