NVIDIA Corporation (NASDAQ:NVDA) is one of the
15 High Growth Stocks to Buy and Hold for the Next Decade.
On May 20, 2026, NVIDIA Corporation (NASDAQ:NVDA) CEO Jensen Huang said the company has “largely conceded” China’s AI chip market to Huawei as U.S. export restrictions continue reshaping the global semiconductor landscape. Speaking to CNBC’s Sara Eisen, Huang said demand in China remains significant but described Huawei as “very, very strong,” adding that local Chinese chip companies are performing well “because we’ve evacuated that market.” Huang also said Huawei likely faces “an extraordinary year coming up.”
Also on May 20, NVIDIA Corporation (NASDAQ:NVDA) reported Q1 adjusted EPS of $1.87, ahead of the consensus estimate of $1.77. Revenue totaled $81.6B, above the consensus estimate of $79.12B. Huang said the buildout of AI factories is “accelerating at extraordinary speed,” while pointing to the rapid scaling of agentic AI across industries. Huang added that Nvidia remains positioned “at the center of this transformation” through its AI infrastructure platform spanning hyperscale data centers and edge deployments.
Following the earnings report, Raymond James raised the firm’s price target on NVIDIA Corporation (NASDAQ:NVDA) to $330 from $323 and maintained a Strong Buy rating on the shares. The firm said Nvidia delivered stronger-than-expected Q1 results and Q2 guidance, driven by inference-led growth and market share gains. Raymond James also highlighted the company’s new $80B buyback authorization and dividend increase from 1c to 25c per share.
NVIDIA Corporation (NASDAQ:NVDA) operates as a data center-scale AI infrastructure company through its Compute & Networking and Graphics segments.
While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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