Nvidia Shares Jump After 73% Revenue Surge; Analysts Set $300 Target
Nvidia posted quarterly revenue of $68 billion on March 5, a 73% year-over-year increase that outpaced expectations and prompted analysts to raise targets — some to $300 — sending the stock sharply higher. The results were driven by robust demand for AI accelerators and data-center products, reinforcing Nvidia’s leadership in the semiconductor space and supporting a bullish narrative around AI infrastructure spending.
The rally has wider market implications: investors are pricing more upside into AI exposure, which can buoy related tech names and risk assets, including crypto sectors that track compute and platform narratives. The strength also raises questions about high-performance GPU availability, an important consideration for miners and AI firms as compute demand increases and supply dynamics tighten.