Nvidia (NVDA) shares rose nearly 5% on Tuesday, bringing the company close to a $5 trillion market value, after CEO Jensen Huang revealed that Nvidia has lined up over $500 billion in orders for its upcoming Blackwell and Rubin chips. The comment came during Nvidia’s semi-annual GTC conference in Washington, D.C., where Huang described “exceptionally strong demand” for its next-generation AI processors.
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The massive $500 billion order update quickly caught Wall Street’s attention, with several Top analysts saying the figure points to stronger growth and higher earnings potential than current forecasts suggest.
(Note: To read more about what top analysts are saying on Nvidia after the $500 billion order reveal, check out — Top Analysts Lift Outlook on Nvidia, Say Wall Street Still Downplays Its AI Strength)
For reference, the Blackwell chip is expected to launch later this year, while Rubin, due in 2026, will build on Blackwell’s design to extend Nvidia’s lead in data center and AI computing.
Is NVDA a Good Stock to Buy Now?
Analysts remain highly optimistic about Nvidia’s long-term outlook. On TipRanks, NVDA stock has a Strong Buy consensus rating based on 35 Buys, one Hold, and one Sell rating. The average Nvidia price target of $225 implies nearly 12% upside potential from current levels. Year-to-date, NVDA stock has gained nearly 50%.
