NVIDIA Reports $68 Billion Revenue as Three Firms Set $300 Targets

NEW YORK, March 18 —

NVIDIA Corporation reported $68 billion in revenue as CEO Jensen Huang made a stunning revenue declaration at the company's GTC 2026 event, sending shares higher in extended trading.

The revenue figure represents a massive beat against analyst expectations and underscores NVIDIA's continued dominance in artificial intelligence computing. Bank of America highlighted the company's commanding position in AI chip development, noting superior performance metrics across data center applications. The timing of Huang's declaration at GTC 2026, the company's flagship developer conference, signals NVIDIA's confidence in sustaining its AI leadership amid intensifying competition from AMD and Intel.

Wall Street responded swiftly to the results. Three major investment banks—Bank of America, Goldman Sachs, and Morgan Stanley—established $300 price targets on NVIDIA shares, representing significant upside from current trading levels. The coordinated bullish stance reflects analyst confidence in the company's ability to monetize the ongoing AI infrastructure buildout. BofA specifically cited NVIDIA's technological moat in high-performance computing and expanding market share in enterprise AI deployments.

The key metric investors will track is guidance for the next quarter and AI data center revenue growth trajectory. NVIDIA's ability to maintain its current growth rate while scaling production capacity will determine whether the stock can reach the ambitious $300 targets. Supply chain constraints and competitive pressure from custom AI chips developed by major cloud providers remain potential headwinds to sustained outperformance.

Market participants are also watching for details on NVIDIA's next-generation architecture roadmap and customer concentration metrics. The company's reliance on a handful of hyperscale customers for data center revenue creates both opportunity and risk as these clients increasingly develop proprietary silicon solutions.

The revenue beat comes as NVIDIA faces regulatory scrutiny over AI chip exports and mounting pressure to diversify beyond cryptocurrency-sensitive gaming revenue. However, the robust AI data center performance suggests the company has successfully transitioned to become the primary beneficiary of enterprise AI adoption across industries.

For deeper analysis of NVIDIA's financial metrics and competitive positioning, visit /stock/nvda to generate a comprehensive Basis Report.

Basis Report does not hold positions in securities discussed. This is not investment advice.