Key insights
- NVIDIA stock is up on a KeyBanc price target increase to $300 ahead of earnings. The firm expects strong Blackwell GPU shipments and initial Rubin platform revenues. Recent 13F filings show major institutional investors increased their NVDA holdings. Chinese companies are approved to purchase Nvidia's H200 AI chips. Investors are anticipating a breakout above the 52-week high ($236.54) if earnings beat expectations.
Investing.com -- NVIDIA Corporation stock rose +2.08% in pre-open trading today, hitting $230, as a pre-market analyst price target raise from KeyBanc added fresh bullish momentum ahead of the company’s first fiscal quarter 2027 earnings release scheduled for Wednesday, May 20. KeyBanc raised its price target on Nvidia to $300 from $275 while maintaining an Overweight rating, publishing the note early this morning. The firm anticipates strong results driven by accelerating Blackwell GPU shipments of 150,000 to 200,000 units quarter-over-quarter, and expects guidance to include initial revenues from the next-generation Rubin platform in the range of $3 billion to $4 billion.
The analyst action today builds on a wave of institutional conviction that has been accumulating around the stock. Recent 13F filings disclosed that several major institutional investors boosted their NVDA stakes, including Woodline Partners adding 461,724 shares, Soros Fund Management adding 407,530 shares, Bridgewater’s Ray Dalio adding 827,798 shares, and Tiger Global buying 1,000,000 shares. Adding further tailwind, last week’s Trump-Xi Beijing summit saw CEO Jensen Huang join the U.S. delegation, and reports emerged that several high-profile Chinese companies — including Alibaba, Tencent Holdings, ByteDance, and JD.com — had been approved to purchase Nvidia’s H200 AI chips.
The combination of a same-day analyst upgrade, strong institutional accumulation, and the imminent earnings catalyst has allowed NVDA to trade against the grain of a broadly risk-off session. Nvidia’s own guidance projects Q1 revenue of $78 billion, plus or minus 2%, while the Wall Street consensus calls for roughly $78.8 billion in revenue and adjusted EPS of $1.77 — expectations the company is widely seen as likely to beat based on its track record. With the stock trading at $230 and its 52-week high at $236.54, investors appear to be positioning for a potential breakout should Wednesday’s report deliver.
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