Nvidia (NVDA) is seen as a stock with massive upside in 2026 despite a slow start to the year. Wall Street analysts have made NVDA a fan-favorite among AI stocks. The Santa Clara-based chip developer’s latest GTC event brought exciting updates that have shareholders convinced the stock can rally. As a result, Wolfe Research is the latest Wall Street firm to keep a buy rating on NVDA shares.
Wolfe’s top analyst Chris Caso has reiterated his Buy rating and $275 price target on NVDA, implying 60.6% upside potential. The analyst calls Nvidia’s “Rubin Ultra Pods” unveiled in GTC 2026 a less understood highlight – blueprint designs for “agentic AI” data centers. Nvidia’s Rubin Ultra Pods outline an ideal architecture for next-gen AI. This ties into comments from last week’s earnings call, where new add-ons (CPUs, storage, and Groq chips) could deliver 50% more revenue on top of Nvidia’s standard VR compute racks.
Overall, each pod has about $150 million in Nvidia components, two-thirds from familiar VR200 racks, with Groq as the main revenue booster. Caso sees these new racks, especially Groq, as a major upside not yet in forecasts.
Next Step For Nvidia NVDA: $300?
Furthermore, Nvidia CEO Jensen Huang spoke on the Lex Fridman podcast, saying, “We’re probably going to have to crank out about 200 of these per week.” Taking that at face value, 200 pods/week could mean ~$120 billion in monthly revenue, compared to the current 2027 estimates of $482 billion yearly.”
For NVDA to reach $300, it needs to jump close to 70% in the next nine months. Huang’s $1 trillion statement is based on the demand for Blackwell and upcoming Vera Rubin architectures through 2027 that can power up Nvidia stock. The high-volume buying isn’t coming from Microsoft or Meta anymore. Amazon Web Services (AWS) is also committed to purchasing 1 million Nvidia GPUs through 2027. This led the Bank of America to provide a price prediction that NVDA could indeed reach $300. Uber also revealed self-driven taxis, powered by Nvidia, would hit the road in 2027.