Nvidia’s stock surged 5% after CEO Jensen Huang’s optimistic vision at the GTC conference, reflecting the company’s strong position in AI. Partnerships with Nokia, Oracle, and DOE are accelerating growth, with $1 billion invested in Nokia. Nvidia’s next-gen chips have secured $500 billion in bookings through 2026, showing solid demand.

Nvidia’s alliances in enterprise, cybersecurity, and mobility sectors with Palantir, CrowdStrike, and Uber aim to expand AI applications. The company’s Blackwell and Rubin chips have substantial bookings, pointing towards strong growth. Nvidia stock has risen 85% in six months, reaching $203.15, with undervalued potential for EPS growth and share price.

Nvidia’s valuation appears undervalued at 34 times projected EPS for 2027, showing potential for significant growth. The company’s financials are expected to benefit from the surge in AI-driven demand. Strong Blackwell chip demand led to record revenue, with data center sales up 56% year-over-year. Nvidia’s growth trajectory and financials make it a compelling investment.

Wall Street maintains a “Strong Buy” consensus for Nvidia, with a high price target of $320, suggesting up to 59% upside. Analysts are bullish on Nvidia’s future due to its strong position in AI and financial performance. Nvidia’s leadership in the AI revolution and expanding market applications make it an attractive long-term investment.

Read more at Yahoo Finance: With $500B in Bookings, Is Nvidia Stock Too Cheap to Miss?