Nvidia revenue jumped 85%, but the stock still fell after earnings
Nvidia (NASDAQ: NVDA) gave Wall Street a huge earnings beat, but the stock still fell right after the report. Cryptopolitan had reported that Nvidia’s revenue jumped 85%, yet shares dropped 2.3% after hours yesterday.
The NVDA stock later recovered part of that loss, but it was still down around 2% today as of press time, per data from Yahoo Finance. Nvidia maintains a Strong Buy rating on there, a $219.80 price level, a $275.83 target, and 19.72% implied upside.
Analysts are monitoring Nvidia’s consistent revenue performance, boosting expectations
However, there is a persistent demand for the products. Nvidia offers AI models based on GPUs that the company produces. There is a lack of supply, resulting in extremely low availability levels, which have not been observed since the end of 2023 – beginning of 2024.
Therefore, Nvidia is able to maintain pricing power as well as give investors clear visibility into demand expectations. Moreover, the company is accelerating its product cycle. Instead of releasing products every two years, it now releases them annually due to stiff competition in AI hardware.
Furthermore, Nvidia got confirmation from its manufacturing partner Hon Hai (otherwise known as Foxconn). Foxconn recorded a 10% increase in monthly revenue growth attributed to the launch of its new products in March 2026. Since Foxconn manufactures the bulk of the Nvidia AI products, this implies an increased production effort of the company’s future products.
In the future, the Vera Rubin family of products will be launched in the second half of 2026. Supplier analysis shows that production has progressed towards this expected launch date.
Nvidia’s price targets have also been revised upwards. According to 58 analyst estimates tracked by Reuters, Nvidia’s price target increased to $290.47 from $277.75. Thus, the full range of estimates spans from $180 to $500, meaning approximately 30% upside to current price levels. Consensus from 69 analysts holds Buy rating, with 64 Buy, 4 Hold, and 1 Sell ratings.
Barclays kept an Overweight rating and a $275 target on Nvidia. The bank flagged areas investors may question, including a $20 billion CPU revenue figure, comments around the LPU product market, the surprise business-segment change, and Nvidia’s position with major cloud customers that are also working on their own custom chips.
Investors sell Nvidia because the AI bar has become harder to clear
Meanwhile, in tech stocks today, Apple (NASDAQ: AAPL) carries a market value of about $4.471 trillion, with a Buy rating and 16.56% implied upside. Microsoft (NASDAQ: MSFT) sits near $3.113 trillion, with a Strong Buy rating and 11.53% upside.
The market value of Broadcom (NASDAQ: AVGO) is approximately $1.955 trillion, along with a positive 7.24% upside. In addition, Micron Technology (NASDAQ: MU) is valued at around $849.533 billion. Likewise, Advanced Micro Devices (NASDAQ: AMD) has a market valuation of around $726.905 billion.
Intel (NASDAQ: INTC) had a rating of Hold, having a valuation of $596.787 billion. On the other hand, Oracle (NYSE: ORCL) had a rating of Buy with a valuation of $551.223 billion. Cisco (NASDAQ: CSCO) was valued at $464.912 billion, while Lam Research (NASDAQ: LRCX) was $376.347 billion.
Further down the margin, Palantir Technologies (NASDAQ: PLTR) had a market cap of exactly $329.414 billion, Texas Instruments (NASDAQ: TXN) at $269.415 billion, KLA Corporation (NASDAQ: KLAC) at $240.69 billion, IBM (NYSE: IBM) at $234.826 billion, Sandisk (NASDAQ: SNDK) at $225.326 billion, Qualcomm (NASDAQ: QCOM) at $221.372 billion, and Palo Alto Networks (NASDAQ: PANW) at $203.634 billion.
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