Nvidia (NVDA) Stock Gets Fair Value Boost As AI Demand And Analyst Views Shift

Nvidia's updated valuation work now points to a fair value of US$327.70, up from US$302.83 in the latest analyst model. That change sits alongside research commentary that balances enthusiasm about Nvidia's AI systems, ecosystem moves and planned Hugging Face acquisition with questions about financing structures, competition and execution risk. As you read on, you will see how to track these shifting inputs and keep up with the evolving analyst narrative around Nvidia.

Barclays highlights a Nvidia chart that implies hyperscaler revenue that could be materially higher than its own base case, which it sees as evidence of stronger demand visibility tied to large cloud and SpaceX spending.

Raymond James and BMO Capital both lifted Nvidia price targets, to US$352 and US$340 respectively, and point to traction in CPUs and the broader AI systems stack as support for long term growth potential.

Rosenblatt and Raymond James describe the planned Hugging Face acquisition as financially modest but important for Nvidia's role in AI models and software, reinforcing the view that the company is selling full solutions rather than just chips.

Morgan Stanley, BofA, UBS, Jefferies and RBC all reference strong demand for Blackwell and Rubin platforms and tight compute supply, which they link to support for margins, cash generation and data center growth expectations.

BofA and Goldman focus on rising vendor financing and the new US$500b financing platform, which they see as introducing off balance sheet risk and leverage across the ecosystem even as it supports AI factory build out.

Morgan Stanley flags that further stock upside may depend on clearer evidence around long term market share, gross margin durability and the eventual impact of Rubin, which keeps execution and competitive risk in focus for Nvidia investors.

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Nvidia approved a record US$150b expansion of its share repurchase program, which lifts remaining buyback authorization to US$235b through fiscal 2028, with total authorization of about US$391.3b after the latest board decision.

Nvidia reported fiscal Q2 revenue of US$96.2b and net income of US$59.7b, with around 92% of sales from the Data Center segment, and issued a first full year revenue outlook that points to approximately 70% growth for fiscal 2028.

Nvidia outlined more than US$500b of compute financing agreements and plans with partners such as Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to mobilize over US$500b of third party capital for AI infrastructure over time.

Nvidia agreed to acquire open source AI platform Hugging Face for about US$12.9b, is in talks to invest up to US$10b in Anthropic, and is pursuing further investments in AI firms including Perplexity and Decart AI while rolling out new AI safety, quantum and agent tools.