Connect with us

Crypto World

Nvidia (NVDA) Stock: Major Banks Turn Bullish Before GTC 2026 Conference

Published

on

NVDA Stock Card

Key Takeaways

  • Wells Fargo expresses optimism for NVDA before GTC 2026, referencing historical data showing 3-month outperformance versus the SOX index ranging from +12% to +45%
  • Bank of America maintains its Buy recommendation with a $300 price target, highlighting NVDA’s valuation at approximately 17x forward PE — a historical low point
  • The chipmaker is anticipated to showcase its next-generation co-packaged optic switch along with developments in its Feynman GPU architecture and Kyber NVL576 systems
  • The rise of agentic AI is creating renewed demand for CPUs — Nvidia’s Vera CPU has entered production and is operating in Meta facilities, with broader deployment scheduled for 2027
  • A developing supply shortage is affecting the CPU sector, with AMD and Intel reporting extended lead times of up to six months and price increases exceeding 10%

Nvidia (NVDA) is approaching its yearly GTC conference scheduled for next week, and market analysts are paying close attention. The gathering, taking place March 16–19 in San Jose, California, has the potential to serve as a significant catalyst for the semiconductor giant’s shares — and possibly the wider chip industry.


NVDA Stock Card
NVIDIA Corporation, NVDA

Analysts at Wells Fargo, under the leadership of Aaron Rakers, stated they are “NVDA buyers ahead of the event.” The investment bank highlighted a trend of robust equity performance during the three-month period following previous GTC gatherings, with NVDA beating the SOX semiconductor index by approximately 30% on average, spanning a range from +12% to +45%.

Vivek Arya, analyst at Bank of America, also confirmed a Buy rating alongside a $300 price target. He observed that the stock is presently valued at roughly 17x forward earnings — approaching a historical floor — after a successful Blackwell product launch that reportedly delivered an estimated $500 billion in aggregate revenue.

CEO Jensen Huang is scheduled to present a keynote speech at 2 p.m. ET on Monday. He will additionally lead an industry discussion panel on Wednesday afternoon. Major technology firms participating in main stage presentations include OpenAI, Google DeepMind, Meta, Microsoft, and Tesla.

Regarding product announcements, Nvidia is anticipated to introduce its second-generation co-packaged optic switch, incorporating Taiwan Semiconductor’s co-packaged optic capabilities. Mass production is not projected to scale until 2027, targeting approximately 80,000 units. The corporation may also share progress on its Feynman GPU architecture and the Kyber NVL576 rack configuration.

Advertisement

Wells Fargo anticipates Nvidia will revise its pipeline projections, potentially increasing its cumulative revenue forecast from $500 billion to beyond $600 billion through 2026. Rakers also questioned whether Nvidia will adjust its projection of $3–$4 trillion annually in worldwide AI infrastructure investment by 2030.

CPU Technology Takes Priority

Beyond graphics processing units, a more subtle transformation is occurring. Agentic AI — workflow-oriented artificial intelligence that coordinates tasks across numerous agents — demands a distinct computing architecture compared to conventional AI inference. This trend is elevating demand for central processing units to unprecedented recent levels.

Dion Harris, Nvidia’s head of AI infrastructure, informed CNBC this week that “CPUs are becoming the bottleneck in terms of growing out this AI and agentic workflow.” The firm’s Vera CPU has reached production status and is currently operational at Meta data centers through a multi-year agreement revealed in February. Nvidia intends to broaden that implementation in 2027.

Thousands of independent Nvidia CPUs are currently functioning at the Texas Advanced Computing Center and Los Alamos National Lab. Bank of America forecasts the CPU sector could more than double in size, expanding from $27 billion in 2025 to $60 billion by 2030.

At GTC, Nvidia is anticipated to display a CPU-exclusive rack on the exhibition floor — an indication of the company’s commitment to standalone CPU configurations.

Advertisement

Supply Constraints Intensify

The wider CPU marketplace is experiencing pressure. AMD and Intel have both alerted customers about supply limitations, with procurement lead times extending as long as six months and pricing climbing more than 10%, based on Reuters reporting.

Forrest Norrod, AMD’s head of data center, told CNBC that demand surges during the past six to nine months have been “unprecedented.” Intel indicated inventory levels are projected to reach their nadir this quarter, though the company anticipates supply conditions will improve throughout Q2 2026.

Presently, Nvidia reports it has not experienced substantial CPU shipment interruptions. Harris explained the company’s supply chain has successfully accommodated demand, partially because the majority of its CPUs are delivered together with GPUs in complete rack-scale configurations.

Mercury Research calculates Nvidia commanded a 6.2% portion of the server CPU market in Q4 2025, trailing Intel at 60% and AMD at 24.3%. Additional stocks that may react to GTC revelations include AMD, Taiwan Semiconductor, Broadcom (AVGO), Intel, and Marvell (MRVL).

Advertisement

Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto World

Bitcoin Turns Up the Heat on Lost Support for Its Latest Weekly Close

Published

on

Bitcoin Turns Up the Heat on Lost Support for Its Latest Weekly Close

Bitcoin edged toward an important weekly close above $70,000 that would include a reclaim of an important 200-week trend line.

Bitcoin (BTC) inched higher on Sunday as bulls sought to seal a weekly close above $70,000.

Key points:

Advertisement
  • Bitcoin eyes its highest daily close in over a week with a fresh weekend push above $70,000.

  • Price offers a reclaim of a key support trend line on weekly time frames.

  • Sell-side pressure at local highs is “steady profit-taking,” analysis says.

BTC price attempts long-term support rescue

Data from TradingView showed out-of-hours price action topping out just below the $72,000 mark before cooling.

BTC/USD one-hour chart. Source: Cointelegraph/TradingView

Now in line for its seventh consecutive green daily candle, BTC/USD eyed its highest daily close since March 4.

Along with $70,000, price also stayed above key long-term levels: the 200-week exponential moving average (EMA) and the old 2021 all-time high at $68,300 and $69,400, respectively.

BTC/USD one-week chart with 200 EMA. Source: Cointelegraph/TradingView

“The recent correction on Friday on Bitcoin was essentially just risk-off appetite to not be having positions going into the weekend. Nothing else,” crypto trader Michaël van de Poppe wrote in his latest X analysis.

“Markets are turning back upwards again, probably we’ll see a slight pullback later today for CME gap closing appetite, but other than that, I would assume we’ll continue to grind upwards to the resistances at $75-80K.”

BTC/USDT six-hour chart. Source: Michaël van de Poppe/X

Van de Poppe correctly forecasted that the price would revisit Friday’s closing price of CME Group’s Bitcoin futures market at $71,325.

At the time of writing, BTC/USD was still up by more than 8% on the week, with March gains at 6.7%.

BTC weekly returns (screenshot). Source: CoinGlass

Macro turmoil spoils Bitcoin “relief rally”

Geopolitical risk, meanwhile, remained at the forefront of trader discussions.

Related: Bitcoin ‘passing geopolitical stress test’ as BTC price spikes above $72K

Advertisement

WTI crude oil ended the week attempting to repass $100 per barrel, with the global oil supply shock still playing out. 

CFDs on WTI crude oil one-hour chart. Source: Cointelegraph/TradingView

“If macro was calm, this sort of structure could easily turn into a relief rally. But with the current backdrop… downside risk still hasn’t really gone away,” crypto analysis host Kyle Doops commented on X last week.

Doops identified a mid-term trading range for Bitcoin that was bordered by two key boundaries: the true market mean at $78,400, and the aggregate realized price of the current supply at $54,400.

“Every time price pokes above $70K, sellers show up. Not panic selling… just steady profit-taking,” he summarized about lower time frames.

BTC/USD chart with long-term trend lines. Source: Kyle Doops/X