Valued at a market cap of $3.2 trillion, Nvidia (NVDA) is among the largest companies globally. In the last 10 years, NVDA stock has returned close to 25,000% to shareholders, crushing broader market returns. The chip maker is at the center of the artificial intelligence megatrend and continues to grow at an enviable pace, despite its massive size. 

Nvidia is poised to make important announcements at this year’s Computex event, which begins next week on Monday, May 19. Industry insiders anticipate the reveal of Nvidia’s collaboration with MediaTek on an ARM-based (ARM) laptop chip, which will bring the smaller GB10 Blackwell architecture to portable computing.

The partnership aims to create powerful custom system on chips, with a rumored desktop version called N1X and a laptop version called N1. These SoCs will reportedly incorporate Grace ARM CPUs alongside Blackwell graphics technology.

Additionally, Nvidia’s DGX Spark platform will power MSI’s new EdgeXpert MS-C931 desktop AI supercomputer, which will deliver 1,000 TOPS performance with fifth-generation Tensor Cores.

Following January’s high-end RTX 50 series launch at CES, Nvidia is expected to unveil more budget-friendly RTX 5060 graphics cards with 8GB VRAM just before Computex. These cards target users seeking affordable upgrades for gaming PCs amid growing competition from Advanced Micro Device’s (AMD) upcoming Radeon 9060XT.

What to Expect from Nvidia in Fiscal Q1?

In addition to the Computex event, Nvidia is also scheduled to announce its fiscal Q1 of 2026 (ended in April) report later this month. According to Wall Street estimates, the semiconductor giant is forecast to report revenue of $43 billion with adjusted earnings per share of $0.87. In the year-ago period, it reported revenue of $26 billion and earnings per share of $0.61. 

Nvidia has beaten consensus revenue and earnings estimates in each of its last five quarters. However, NVDA stock fell close to 9% following its last quarterly result as investors are worried about slowing growth and narrowing profit margins. 

Nvidia increased its sales by 125% to $61 billion in fiscal 2024 and by 114% to nearly $131 billion in fiscal 2025. Comparatively, earnings surged by 288% in 2024 and 131% in 2025. The company’s gross margins expanded from 56.9% in 2023 to roughly 75% in 2025. In this period, net income margin improved from 31% to 57%, showcasing the tech giant’s competitive moat and first-mover advantage. 

In the next three fiscal years, Nvidia’s revenue is forecast to grow by 30.5% year-over-year annually, while adjusted EPS growth is forecast at less than 30%. 

What Is the Target Price for NVDA Stock?

While Nvidia accounts for 90% of the AI chip market, it faces competition from peers such as Advanced Micro Devices and Intel (INTC) , which will impact its profit margins in the near term. 

Today, Nvidia stock trades at a forward price-earnings multiple of 30x, lower than its 10-year average of 36x. If NVDA maintains a similar multiple, it should trade around $200 in May 2027, above the current trading price near $135. 

Out of the 44 analysts covering NVDA stock, 37 recommend “Strong Buy,” two recommend “Moderate Buy,” four recommend “Hold,” and one recommends “Strong Sell.” The average target price for NVDA stock is $166, indicating an upside potential of over 23% from current levels.