BUZZ-Nvidia bets on Vera CPUs and AI chips to boost 2026 revenue

NVIDIA Corporation
NASDAQ

NVIDIA Corporation

NVDA

0.00

NASDAQ

IXIC

0.00

** Shares of Nvidia NVDA.O up 1.3% in early trading

** CEO Jensen Huang on Wednesday reassured investors that growth can continue, driven by strong demand and new AI chip products that could top its $1 trillion sales target

** Co expects revenue of $91 bln plus or minus 2%, compared with estimates of $86.84 bln

** Huang said co’s new “Vera” CPUs open up a $200 billion market, with it expecting $20 billion in revenue from Vera this fiscal year, separate from its earlier $1 trillion Blackwell and Rubin projections for 2025–2027

** HSBC expects momentum from Blackwell and the Rubin ramp to continue driving earnings growth, with additional upside likely as the addressable market expands beyond traditional hyperscaler customers

** 57 of 61 brokerages rate the stock "buy" or higher, 3 "hold" and1 "sell"; their median PT is $275 - LSEG-compiled data

** NVDA shares up ~20% YTD vs a 12.5% rise in the Nasdaq .IXIC; stock is ~5% below its May 14 all-time intraday high of $236.54