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

Cnbc · 🇨🇳 public China · May 20, 2026 · 1770 words · By Morgan Chittum

Investment Recommendation AI Infrastructure Growth Financial Performance

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What to know about Investment Recommendation

We're raising our price target on Nvidia after another knockout quarter and guide Nvidia reported another blockbuster quarter on Wednesday and issued guidance well above analyst forecasts.

Claims checked 24

Techniques found 3

Topics 3

Coverage spectrum

Coverage gap: Low Left coverage

Left0%

Center100%

Right0%

3 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

We're raising our price target on Nvidia after another knockout quarter and guide Nvidia reported another blockbuster quarter on Wednesday and issued guidance well above analyst forecasts.

Why it matters

The results and conference call reinforced our belief that Nvidia is an essential stock to own during the race to build the best and most profitable AI data centers.

Common ground

Revenue in the company's fiscal 2027 first quarter increased 85% year over year to $81.62 billion, outpacing the $78.89 billion consensus, according to estimates compiled by data provider LSEG.

Perspective signals

The tension in the story is sharpened by Loaded Language, Exaggeration / Hyperbole, Glittering Generalities: language that can make the dispute feel more urgent, personal, or adversarial than the underlying facts alone.

Follow-up questions

What new context would change how readers understand this Investment Recommendation story?
What evidence would most clearly confirm or weaken the claim that the company adding $80 billion to its current share repurchase authorization?
How does this story connect Investment Recommendation with AI Infrastructure Growth over the next few days?

open_in_new Read the original article: https://www.cnbc.com/2026/05/20/were-raising-our-price-target-on-nvidia-after-an…

psychologyPropaganda Techniques Detected

eFinder identified 3 propaganda techniques in this article. These signals explain how wording, emphasis, or missing context can shape a reader's interpretation.

warning

Loaded Language 90% confidence

Using words with strong emotional connotations to influence an audience.

Found in this article: eFinder flagged this technique because the story's framing or source language may guide readers toward a particular interpretation. Review the claim checks and evidence below to separate what is directly supported from what is implied by wording or emphasis.

Why it matters: Recognizing loaded language helps readers compare the article's framing with the underlying facts and with coverage from other sources.

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Exaggeration / Hyperbole 80% confidence

Overstating facts or claims to create a stronger emotional response.

Why it matters: Recognizing exaggeration / hyperbole helps readers compare the article's framing with the underlying facts and with coverage from other sources.

warning

Glittering Generalities 70% confidence

Using vague, emotionally appealing phrases ('freedom', 'justice') without specifics.

Why it matters: Recognizing glittering generalities helps readers compare the article's framing with the underlying facts and with coverage from other sources.

fact_checkClaims Checked

eFinder analyzed this article and checked 24 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

schedule Pending 14

info Single Source 3

help Insufficient Evidence 3

check_circle Corroborated 3

verified Verified By Reference 1

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Claim 1: “the company adding $80 billion to its current share repurchase authorization.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

info

Claim 2: “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.

travel_explore

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

travel_explore

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

travel_explore

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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Claim 3: “compute revenue increased 18% sequentially to $60.4 billion while networking revenue grew 35% sequentially to $14.8 billion.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 4: “Hyperscale sales... were $37.87 billion, up 115% year over year and 12% sequentially.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 5: “The segment [Edge Computing] reported sales of $6.37 billion, reflecting growth of 29% year over year and 10% sequentially.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 6: “Intel's data center and AI business, which is primarily CPUs, is projected to be about $22.5 billion.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 7: “Nvidia announced an increase of its quarterly dividend from $0.01 to $0.25 per share.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

verified

Claim 8: “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.

menu_book

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

menu_book

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

menu_book

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

schedule

Claim 9: “Revenue of $91 billion, plus or minus 2%, nicely ahead the $86.84 billion LSEG consensus estimate [for fiscal 2027 second quarter].”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 10: “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.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

help

Claim 11: “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'.

schedule

Claim 12: “Amazon Web Services is adding more than 1 million Blackwell and Rubin GPUs this year”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

info

Claim 13: “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.

travel_explore

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/

travel_explore

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

travel_explore

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/

help

Claim 14: “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).

travel_explore

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-…

travel_explore

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-…

travel_explore

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/

check_circle

Claim 15: “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.

travel_explore

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…

travel_explore

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…

travel_explore

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…

schedule

Claim 16: “Adjusted gross margins are expected to be 75%, plus or minus 50 basis points”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 17: “Adjusted operating expenses of $8.3 billion.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 18: “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.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

check_circle

Claim 19: “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.

travel_explore

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

travel_explore

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/

travel_explore

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

schedule

Claim 20: “Sales in this market [ACIE] were $37.38 billion, reflecting growth of 74% year over year and 31% sequentially.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

info

Claim 21: “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.

travel_explore

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/

check_circle

Claim 22: “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.

travel_explore

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…

travel_explore

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…

travel_explore

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

Claim 23: “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.

schedule

Claim 24: “There were no shipments of data center products to China in the quarter, compared to $4.6 billion in the same quarter last year.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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.