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Nvidia Reclaims Top Billing on Wall Street as Big Buyers and Backlogs Confront AI Spending Doubts

Fresh analyst calls highlight multi‑year orders plus upfront prepayments as signals of durable AI capex.

Overview

  • Nvidia’s fiscal Q4 2026 topped forecasts with $68.1 billion in revenue and $1.62 adjusted EPS, and it guided to about $78 billion this quarter with roughly 75% gross margins, excluding China sales.
  • Morgan Stanley reinstated Nvidia as its top semiconductor pick with a $260 target, arguing the stock’s muted move versus sharply rising estimates presents a “surprisingly good” entry point.
  • UBS kept a Buy at $245, citing an order backlog stretching into 2027 and inventory commitments that it says could support future quarters approaching $100 billion in revenue.
  • Billionaire Leo KoGuan disclosed the purchase of 1 million Nvidia shares and said he plans to add, calling AI’s buildout the beginning rather than a bubble.
  • Investors look to Nvidia’s GTC on Mar. 16–19 for product roadmap clarity, as sector read‑throughs continue with Broadcom forecasting Q2 revenue near $22.0 billion and AI chip sales of about $10.7 billion.