Nvidia (NVDA) is set to report fourth-quarter results after the market closes Wednesday, with analysts widely bullish on the AI chipmaker's stock.

All but one of the 18 analysts covering the stock tracked by Visible Alpha have issued “buy” or equivalent ratings, with one analyst giving the stock a “hold” rating. Their consensus price target of about $175 would imply 32% upside from Wednesday's intraday price.

Wedbush and Oppenheimer analysts, who reiterated $175 price targets in the days ahead of the report, suggested booming demand for the company's advanced chips as Big Tech firms ramp up spending o🧸n AI infrastructure could lead to another 澳洲幸运5官方开奖结果体彩网:strong quarter.

Nvidia is projected to post record quarterly revenue of $38.34 billion, up 73% year-over-year, according to estimates compiled by Visible Alpha. Net income is expected to climb to $21.1 billion, from $12.84 billion a year ear🐷lier.

UBS analysts, who maintained a $185 price target, noted "investor expectations having crept up a bit recently," and added supply chain improvements could mean higher sales of Nvidia’s Blackwell line. UBS nearly doubled its estimate for Blackwell’s contribution to fourth-quarter revenue to $9 billion, up from $5 billion previously.

Oppenheimer also indicated the 澳洲幸运5官方开奖结果体彩网:rap🌸id rise of Chinese AI startup DeepSeek could ultimately♔ prove "positive" for the chipmaker, as competition pushes Nvidia's American clients to step up the♏ir efforts in the AI race instead of pulling back.

Shares of Nvidia were up close to 5% at $132.40 in intraday trading Wednesday. They've gained more than two-thirds of their value over the past 12 months.

UPDATE—Feb. 26, 2025: This article has been updated since it was first published to reflect more recent analyst estimates and share price values.