• Susquehanna analyst Christopher Rolland raised Nvidia's price target to $275 from $250, citing surging AI chip demand.
  • Rolland expects strong Q1 results and guidance on May 20, driven by hyperscale cloud capex and the Blackwell/Rubin platform pipeline.
  • Despite China export restrictions, Nvidia is seen as having one of the biggest long-term growth opportunities in tech.

A Bullish Call Before the Bell

With Nvidia’s earnings report just days away, analyst Christopher Rolland of Susquehanna has lifted his price target on the stock to $275, up from $250, while maintaining a Positive rating. The move reflects mounting expectations that the chipmaker will deliver another blowout quarter as demand for its AI accelerators continues to accelerate.

“We see stronger results and guidance ahead, driven by surging demand for Nvidia’s AI chips from major cloud providers,” Rolland wrote in a note to clients. He highlighted that hyperscale cloud companies are “sharply increasing” spending on AI infrastructure, positioning Nvidia to capitalize on this capex wave.

The Blackwell and Rubin Revenue Machine

Central to Rolland’s thesis is the potential of Nvidia’s upcoming product platforms—Blackwell and Rubin. He estimates these could collectively generate around $1 trillion in revenue by 2027. “The roadmap is incredibly compelling,” he said, noting that AI networking and gaming GPUs are also showing strong growth.

Still, the analyst warned that profit margins could face pressure later as the Rubin platform ramps up. “Investors should watch for potential margin compression, but the top-line opportunity dwarfs those concerns,” he added.

Geopolitical Headwinds, but a Long Runway

China export restrictions remain a recurring overhang for Nvidia, but Rolland believes the company’s long-term growth story is resilient. “Nvidia still has one of the biggest long-term growth opportunities in tech,” he said, citing enterprise AI adoption and global infrastructure buildout.

The analyst’s updated target is among the highest on Wall Street, reflecting a consensus that Nvidia remains the primary beneficiary of the AI arms race. The company is scheduled to report fiscal first-quarter earnings after the bell on May 20. Nvidia shares were trading around $220 in premarket action, up about 1%.

Correction: A previous version of this article misstated the revenue estimate timeframe. It is by 2027, not 2026.