MU has outpaced NVDA as AI-driven HBM demand boosts growth, with Micron offering strong margins, revenue momentum and a lower valuation.
Nvidia could be getting closer to selling more of its AI chips in China.
Nvidia Corporation is rated Overweight with a $305 price target, offering 50%+ upside, as the current 15x forward P/E deeply discounts growth durability. Networking revenue is compounding faster than compute, with NVDA's full-stack system and CUDA platform reinforcing a wide, stable moat against custom ASIC threats. Guidance excludes China Data Center compute, making any China reopening pure upside optionality not reflected in current estimates or valuation.
It hasn't been all too clean a breakout for shares of AI chip giant Nvidia (NASDAQ:NVDA | NVDA Price Prediction), which is still down close to 13% after tumbling off its mid-May highs.
NVDA's Vera CPU push targets agentic AI and AI factories as its platform strategy aims to carve out space in a market led by x86 giants.
Nvidia Corporation remains a compelling buy as new growth catalysts and robust Q1 results reinforce the bullish thesis despite recent share price weakness. NVDA's Q1 revenue surged 85% Y/Y to $81.62B, with strong guidance, an $80B buyback, and a dividend hike signaling enduring growth momentum. Expansion into AI CPUs, PC superchips, and deepening partnerships with Apple, Microsoft, and SK hynix open significant new addressable markets for NVDA.
NVIDIA leads AI, but Micron and Dell are gaining faster as AI memory demand and infrastructure spending surge.
Nvidia has told Chinese clients that its new "Vera" central processors for AI data centres could be available as soon as August and that they can begin placing orders, three sources familiar with the matter said.
Investors concerned that NVIDIA's NASDAQ: NVDA May 2026 price peak is a market top can lay their fears to rest. The signs pointing to higher prices only strengthened in early June, suggesting a robust upside both near and long-term.
NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) just delivered the kind of quarter that should have sent shares to new highs.
The market has entered an unusual phase where investors are no longer rewarding every company tied to artificial intelligence.
Nvidia remains a Strong Buy as AI demand accelerates and the company's earnings and guidance surpass expectations. NVDA's new reporting structure underscores its shift from gaming to AI, highlighting Data Center, Hyperscale, ACIE, and Edge Computing as key growth areas. Q1 revenues grew 85% year-over-year to $81.6B, with gross margins at 75% and robust momentum in both Hyperscale and ACIE segments.