Overview
- NVDA edged up 0.5% premarket Wednesday to $185.60 after a 1.2% gain Tuesday, following Monday’s rebound when the 2x long NVDL ETF jumped 5.5% as Nvidia shares closed up 2.68%.
- Nvidia’s Q4 FY2026 revenue reached $68.13 billion, up 73% year over year, with Data Center at $62.31 billion and networking up 263% to $10.98 billion on NVLink fabric ramps for GB200 and GB300 systems.
- Nvidia announced a deal with AI startup Thinking Machines Lab to deploy at least one gigawatt of Vera Rubin hardware and disclosed an investment in the company, with deployment expected to begin early next year as part of a multiyear agreement.
- Analyst conviction remains strong ahead of March 16–19 GTC, with ratings such as Wells Fargo Overweight at $265 and targets from UBS ($245), Truist ($283) and Bank of America ($300), alongside a Strong Buy consensus and an average target near $273.61.
- Wall Street is watching GTC for potential pipeline updates and product details, including possible inference hardware and architecture roadmaps, which analysts say could reinforce Nvidia’s visibility into 2027 and beyond.