By Danny Vena, CPA
Publication Date: 2026-02-15 08:02:00
While some investors are wary, one Wall Street analyst just doubled their price target on this popular stock.
Nvidia (NVDA 2.21%) was a market darling after the onset of artificial intelligence (AI) catapulted the company to fame and fortune. The company adapted its graphics processing units (GPUs) to handle the rigors of AI, quickly becoming the gold standard. This fueled unprecedented revenue and profit growth, fueling a surge in its stock price. In fact, since early 2023, the stock price has surged 1,200% (as of this writing), and shareholders have profited handsomely.
In recent months, however, the chipmaker’s sheen has dimmed. Talk of circular deals, an AI bubble, and decelerating growth has slowed Nvidia’s ascent — the stock is essentially flat thus far in 2026. While its relative growth rate has slowed, absolute demand is still robust. Some on Wall Street have taken notice.
One analyst recently doubled their forecasts for Nvidia stock, predicting it will grow its market cap to $20 trillion by 2030, generating stock price gains of 332% in the process. Let’s review the company’s recent results, why the analyst is one of Nvidia’s biggest bulls, and what it will need to do to achieve a $20 trillion market cap.
Image source: Getty Images.
Spoiler alert: The numbers are impressive
For its fiscal 2026 third quarter (ended Oct. 26), Nvidia delivered record revenue that climbed 62% year over year and 22% sequentially to $57 billion, while its earnings per share (EPS)…
