Nvidia Stock Faces Big Test as Jensen Huang Tries to Revive AI Rally

Nvidia NVDA may get a fresh lift from Jensen Huang’s Computex keynote next week, after the stock has lagged other chip names since its latest earnings report, Lynx Equity Strategies said.

Lynx said investors have been uneasy about the pace of Nvidia’s Rubin GPU rollout and about competition from custom chips at major cloud providers. The firm said Huang did not make a strong enough case on the earnings call, leaving room for him to reset expectations in Taipei.

The broker said the market will look for more detail on Nvidia’s Vera CPU program, including its $20 billion revenue estimate and $200 billion total addressable market, as well as an update on the networking business. Reuters reported Huang is due to headline Computex and has been highlighting Taiwan’s role in Nvidia’s supply chain.

Lynx also said Nvidia could rally toward $250 in the near term if momentum from other AI names carries over. The firm still kept a cautious long-term view, but said Computex gives Huang a chance to revive confidence in Nvidia’s next phase of growth.