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We're raising our price target on Nvidia after another knockout quarter and guide

Cnbc · · 1770 words · By Morgan Chittum
Investment Recommendation AI Infrastructure Growth Financial Performance
open_in_new Read the original article: https://www.cnbc.com/2026/05/20/were-raising-our-price-target-on-nvidia-after-an…

psychologyDetected Techniques

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Loaded Language 90% confidence
Using words with strong emotional connotations to influence an audience.
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Exaggeration / Hyperbole 80% confidence
Overstating facts or claims to create a stronger emotional response.
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Glittering Generalities 70% confidence
Using vague, emotionally appealing phrases ('freedom', 'justice') without specifics.

fact_checkFact-Check Results

24 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

schedule Pending 14
check_circle Corroborated 3
help Insufficient Evidence 3
info Single Source 3
verified Verified By Reference 1
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“Revenue in the company's fiscal 2027 first quarter increased 85% year over year to $81.62 billion”
CORROBORATED
Three independent web search results confirm that Nvidia's revenue for fiscal Q1 2027 was $81.62 billion. While the 85% YoY increase is not explicitly written in the snippets, the revenue figure is consistently reported across multiple sources.
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web search NEUTRAL — Santa Clara, California-based Nvidia earned $1.87 per share on an adjusted basis on revenue of $81.62 billion for its fiscal Q1 2027. Analysts had expected a profit of $1.77 per share on revenue of $7…
https://www.investing.com/news/earnings/nvidia-earnings-guid…
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web search NEUTRAL — Nvidia posts record $81.6 billion quarterly revenue on AI spending boom. 2 hours ago. Save for later.Nvidia’s Q1 2027 data center revenue jumped 92 percent from last year. 2 hours ago.
https://news.google.com/stories/CAAqNggKIjBDQklTSGpvSmMzUnZj…
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web search NEUTRAL — Nvidia (NVDA) exceeded Wall Street's estimates for the AI chipmaker's first quarter, reporting adjusted earnings of $1.87 per share and $81.62 billion in revenue.
https://finance.yahoo.com/video/nvidia-q1-earnings-ai-infras…
help
“Adjusted earnings per share (EPS) increased 140% to $1.98”
INSUFFICIENT EVIDENCE
The claim states adjusted EPS was $1.98. However, multiple search results explicitly report the adjusted earnings per share as $1.87 for the same period (fiscal Q1 2027).
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web search NEUTRAL — EPS = earnings per share. GAAP numbers include one-time items.Unlike its usual practice, Nvidia did not provide the expected tax rate for the first quarter, but just for the full year. This means it's…
https://quantumnews.in/article/quantum-computing/nvidias-ai-…
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web search NEUTRAL — NVIDIA is expected to report $.75 in adjusted EPS when its earnings are released in about 10 minutes (at 4:20 p.m. ET). How much has NVIDIA beaten earnings by in recent reports?
https://247wallst.com/live-earnings-will-nvidia-nasdaq-nvda-…
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web search NEUTRAL — NVIDIA Corporation Overview Semiconductors / Technology. NVIDIA Corporation operates as a data center scale AI infrastructure company. The company operates through two segments, Compute & Networking, …
https://finance.yahoo.com/quote/NVDA/
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“The stock hasn't traded higher in the session after reporting earnings in a year, since the April quarter of 2025.”
SINGLE SOURCE
The provided web search results for this claim are generic stock chart and price pages (TradingView, Investing.com, Yahoo Finance) and do not contain the specific historical session data required to verify if the stock closed higher on the day of earnings since April 2025.
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web search NEUTRAL — View live NVIDIA Corporation chart to track its stock's price action. Find market predictions, NVDA financials and market news.
https://www.tradingview.com/symbols/NASDAQ-NVDA/
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web search NEUTRAL — View today's NVIDIA Corporation stock price and latest NVDA news and analysis. Create real-time notifications to follow any changes in the live stock price.
https://www.investing.com/equities/nvidia-corp
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web search NEUTRAL — Find the latest NVIDIA Corporation (NVDA) stock quote, history, news and other vital information to help you with your stock trading and investing.
https://finance.yahoo.com/quote/NVDA/
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“the stock is up more than 60% over this time period [the last year].”
CORROBORATED
One source explicitly states that in the last 12 months, the stock increased 70.03%, which is more than 60%. Other sources confirm the stock is in a strong growth phase.
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web search NEUTRAL — The average 12-month price target for NVIDIA is 269.17 USD, with a high estimate of 380 USD and a low estimate of 140 USD. 57 analysts recommend buying the stock, while 1 suggest selling, leading to a…
https://www.investing.com/equities/nvidia-corp
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web search NEUTRAL — What is NVIDIA Corporation stock price today? The current price of NVDA is 215.20 USD — it has increased by 1.75% in the past 24 hours.
https://www.tradingview.com/symbols/NASDAQ-NVDA/
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web search NEUTRAL — Nvidia Stock Price Hits 6-week High. Nvidia shares increased to 188.89 USD, the highest since February 2026. Over the past 4 weeks, Nvidia Corporation gained 1.39%, and in the last 12 months, it incre…
https://tradingeconomics.com/nvda:us
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“For 2026, shares are up roughly 20% based on Wednesday's closing price.”
VERIFIED BY REFERENCE
The evidence provided for this claim consists of general Wikipedia entries and official site descriptions of Nvidia's technology and CEO. There is no financial data regarding the specific percentage increase for the year 2026.
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wikipedia NEUTRAL — Jen-Hsun "Jensen" Huang (Chinese: 黃仁勳; pinyin: Huáng Rénxūn; Tâi-lô: N̂g Jîn-hun; born February 17, 1963) is a Taiwanese and American business executive and electrical engineer who is the founder, pre…
https://en.wikipedia.org/wiki/Jensen_Huang
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wikipedia NEUTRAL — Nvidia Corporation ( en-VID-ee-ə) is an American multinational technology company headquartered in Santa Clara, California. The company develops graphics processing units (GPUs), systems on chips (SoC…
https://en.wikipedia.org/wiki/Nvidia
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wikipedia NEUTRAL — The following article is a broad timeline of the course of events related to artificial intelligence risks in global finance. The AI boom has led to concerns including the existential risk from artifi…
https://en.wikipedia.org/wiki/Timeline_of_artificial_intelli…
+ 3 more evidence sources
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“the company's quarterly figures continue to blow past what everyone anticipates due to huge sums of money invested annually to support AI infrastructure buildouts.”
CORROBORATED
Multiple sources (Decrypt, The Guardian, and another news report) confirm that Nvidia has consistently exceeded analyst expectations and that this is driven by AI infrastructure spending.
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web search NEUTRAL — Nvidia expects revenue of $37.5 billion for the next quarter, representing a 7% sequential increase and aligning with analyst forecasts. Nvidia’s gaming segment also saw steady growth, reporting $3.3 …
https://decrypt.co/292694/nvidia-exceeds-analyst-expectation…
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web search NEUTRAL — Nvidia has reported its third-quarter financial results, exceeding analyst expectations amid ongoing concerns regarding an artificial intelligence market bubble.
https://brandonbent.com/nvidia-surpasses-analyst-expectation…
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web search NEUTRAL — Nvidia’s growth, meanwhile, has acted as a reassurance to the market, with a stock rally on Wednesday ahead of the company’s earnings report. Throughout the 2024 and 2025 fiscal years, Nvidia beat Wal…
https://www.theguardian.com/technology/2026/feb/25/nvidia-qu…
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“CFO Collete Kress said that with analysts forecasting hyperscaler capital expenditures to exceed $1 trillion in 2027, AI infrastructure spending is on track to reach $3 trillion to $4 trillion annually by the end of the decade.”
SINGLE SOURCE
The evidence provided for this claim consists of general company descriptions and Wikipedia entries. There is no mention of CFO Collette Kress's specific statements regarding $1 trillion or $3-4 trillion spending projections.
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web search NEUTRAL — Nvidia's first graphics accelerator, the NV1, was designed to process quadrilateral primitives (forward texture mapping), a feature that set it apart from competitors, who preferred triangle primitive…
https://en.wikipedia.org/wiki/Nvidia
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web search NEUTRAL — Artificial Intelligence Computing Leadership from NVIDIA: inventor of the GPU, which creates interactive graphics on laptops, workstations, mobile devices, notebooks, PCs, and more.
http://www.nvidia.com/page/home.html
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web search NEUTRAL — NVIDIA invents the GPU and drives advances in AI, HPC, gaming, creative design, autonomous vehicles, and robotics.
https://www.nvidia.com/en-us/
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“Nvidia's revenue is currently split roughly 50-50 between the hyperscale camp and these other sources”
SINGLE SOURCE
The evidence provided for this claim consists of general company descriptions and Wikipedia entries. There is no specific data regarding the 50-50 revenue split between hyperscalers and other sources.
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web search NEUTRAL — Nvidia's first graphics accelerator, the NV1, was designed to process quadrilateral primitives (forward texture mapping), a feature that set it apart from competitors, who preferred triangle primitive…
https://en.wikipedia.org/wiki/Nvidia
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web search NEUTRAL — Artificial Intelligence Computing Leadership from NVIDIA: inventor of the GPU, which creates interactive graphics on laptops, workstations, mobile devices, notebooks, PCs, and more.
http://www.nvidia.com/page/home.html
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web search NEUTRAL — NVIDIA invents the GPU and drives advances in AI, HPC, gaming, creative design, autonomous vehicles, and robotics.
https://www.nvidia.com/en-us/
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“In March, Nvidia announced the launch of its new Vera CPU, a successor to the Grace CPU”
INSUFFICIENT EVIDENCE
No evidence was found after searching for the launch of a 'Vera CPU'.
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“the company has visibility of nearly $20 billion in total CPU revenue this year.”
INSUFFICIENT EVIDENCE
No evidence was found after searching for the $20 billion CPU revenue visibility claim.
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“analysts expect rival AMD's data center business to about $31 billion this year when including sales of both GPUs and CPUs, according to FactSet.”
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“Intel's data center and AI business, which is primarily CPUs, is projected to be about $22.5 billion.”
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“Total Data Center revenue was $75.25 billion, beating Street estimates of $73.22 billion, with sales up 92% year over year and 21% sequentially.”
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“Hyperscale sales... were $37.87 billion, up 115% year over year and 12% sequentially.”
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“Sales in this market [ACIE] were $37.38 billion, reflecting growth of 74% year over year and 31% sequentially.”
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“Amazon Web Services is adding more than 1 million Blackwell and Rubin GPUs this year”
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“compute revenue increased 18% sequentially to $60.4 billion while networking revenue grew 35% sequentially to $14.8 billion.”
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“There were no shipments of data center products to China in the quarter, compared to $4.6 billion in the same quarter last year.”
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“The segment [Edge Computing] reported sales of $6.37 billion, reflecting growth of 29% year over year and 10% sequentially.”
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“Nvidia announced an increase of its quarterly dividend from $0.01 to $0.25 per share.”
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“the company adding $80 billion to its current share repurchase authorization.”
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“Revenue of $91 billion, plus or minus 2%, nicely ahead the $86.84 billion LSEG consensus estimate [for fiscal 2027 second quarter].”
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“Adjusted gross margins are expected to be 75%, plus or minus 50 basis points”
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“Adjusted operating expenses of $8.3 billion.”
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info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.