Nvidia shares climbed 2.63% today, driven primarily by robust sales growth from its key chip manufacturing partner, TSMC. The Taiwanese firm reported a 45% increase in March sales, fueling optimism around Nvidia’s supply chain.
UBS Analyst Projects Massive Upside
Momentum intensified after UBS analyst John Talbott raised his price target to the highest level yet. Talbott stated, “The company’s intrinsic value from the HOLT present value calculation exceeds the current stock price, requiring a further 400% rise to align.” UBS employs a model based on current cash flow multiples to assess intrinsic value, signaling substantial growth potential for Nvidia.
Record Revenue and Future Projections
Nvidia’s latest quarterly revenue surged 73% year-over-year to $68 billion. The company anticipates $1 trillion in sales from its Blackwell and Rubin chip systems in 2026 and 2027. These platforms deliver immense capacity for AI model training and large-scale data processing, positioning Nvidia to capture explosive demand in AI infrastructure.
Nearly all recent sales growth stems from AI infrastructure needs, reinforcing the sector’s momentum.
Broader Market Rebound Supports Gains
Market makers turned bullish today amid a pause in geopolitical tensions following the Trump administration’s decision to halt major strikes on Iran two weeks ago. Stocks extended gains on Thursday, with the S&P 500 posting its largest increase since October.
Safe-haven buying emerged amid economic uncertainty, led by Nvidia and other tech giants, marking the biggest non-inflationary market cap expansion in recent memory.
These factors—partner strength, solid fundamentals, and a collaborative market rally—drew investors deeper into the AI growth story, boosting Nvidia shares and drawing widespread market attention.
