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Investing.com - William Blair has reiterated an Outperform rating on Nvidia (NASDAQ:NVDA), now valued at $4.43 trillion, following the company’s latest quarterly earnings report. The semiconductor giant has demonstrated remarkable growth with revenue surging 86% year-over-year.
The chipmaker reported a modest beat-and-raise quarter, though its guidance notably excluded H20 contributions due to continued uncertainty around China export licenses. According to InvestingPro analysis, NVIDIA is currently trading above its Fair Value, with a P/E ratio of 57.8x reflecting high market expectations.
Blackwell is ramping up ahead of schedule, with the Blackwell Ultra (B300) accounting for more than $10 billion of revenue in the quarter, demonstrating Nvidia’s commitment to annual product releases.
William Blair identified increased GB300 manufacturing capacity and sustained computing demand as key factors for driving strong growth in the second half of fiscal 2026.
The research firm believes Nvidia will maintain its AI leadership position for several years, supported by rack-level hardware designs, an unparalleled supply chain, and its widely used CUDA-based software stack.
In other recent news, Nvidia has been the focus of several analyst firms following its latest earnings and revenue announcements. Morgan Stanley increased its price target for Nvidia to $210, highlighting the company’s guidance for an impressive $7 billion in incremental quarterly revenue, excluding China sales. Meanwhile, BofA Securities raised its price target to $235, noting Nvidia’s dominant position in the AI infrastructure market and its strong free cash flow margins. Jefferies also adjusted its price target to $205, citing strong demand and the smooth rollout of Nvidia’s B300 product line. Goldman Sachs reiterated its Buy rating with a $200 price target, acknowledging Nvidia’s in-line quarterly results and guidance. TD Cowen maintained its Buy rating and $235 price target despite what it described as "lackluster" results by Nvidia’s standards, supported by a mild earnings beat and strength in the Gaming segment. These developments reflect ongoing analyst confidence in Nvidia’s market position and future growth prospects.
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