By Edward Sheldon, CFA
Publication Date: 2026-04-13 07:36:00
Nvidia (NASDAQ: NVDA) stock has paused for breath recently. Had you invested in the chip designer six months ago, you wouldn’t have seen a material profit yet.
I think it’s only a matter of time until the growth stock enjoys its next move upward, however. So, now could be a good time to get positioned for a potential rally.
While Nvidia’s share price has gone nowhere over the last six months, the growth story here is still very much intact. This financial year (ending 31 January 2027), for example, analysts see Nvidia’s revenues hitting $366bn – 69% higher than the figure for the last financial year.
Earnings per share are projected to hit $8.26 versus $4.77 last year (+73%). These are incredible growth numbers for a company of Nvidia’s size ($4.5trn).
I’ll point out that these are just projections. And they may not come to fruition.
Yet looking at recent developments here, there’s a lot to be excited about. Right now, this company has a huge amount of momentum.
For instance, late last year, the company formed a partnership with AI powerhouse Anthropic. It’s Anthropic’s Claude Models that are rapidly disrupting the software space and the white collar work environment.
More recently, the company signed a partnership with cloud computing giant Amazon. This will see Amazon’s AWS unit buy 1m GPUs (along with a host of other AI offerings) by 2027.
We also had Nvidia’s GTC conference recently….
