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Baird Reiterates Outperform on Nvidia (NVDA) Following Strong Q3 Results

NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks Making Moves on Wall Street. On November 19, Baird reiterated an “Outperform” rating on the stock and raised the price target from $225 to $275.

The rating affirmation, issued after Nvidia’s earnings print, reflects confidence in the AI chipmaker’s architecture leadership and unmatched AI momentum. Nvidia reported fiscal third-quarter earnings and revenue that topped Wall Street expectations. It also provided stronger-than-expected sales guidance for the fourth quarter.

Earnings per share came in at $1.30 adjusted versus $1.25 expected, while revenue reached $57.01 billion as compared to the $54.92 billion expected.

Baird has raised the price target on Nvidia post earnings, citing strong Blackwell chip demand that exceeds supply. TSMC’s capacity will be crucial next year, the analysts noted, while it expects Nvidia to maintain a clear AI performance lead in 2026 and 2027.

“Blackwell demand is now well exceeding supply, the repeat of a situation Nvidia faced in 1H24. Execution and TSMC capacity will be in focus for next year, while we expect Nvidia to maintain a stratospheric performance and platform advantage versus the competition throughout 2026 and likely 2027.”

Based on its insatiable AI demand and its long-standing architecture leadership, the firm sees room for multiple expansion ahead.

“The combination of insatiable AI demand and ongoing architecture performance leadership (nothing new for Nvidia since 1999) warrants multiple expansion ahead, in our view. Outperform-rated.”

NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services.

While we acknowledge the risk and potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NVDA  and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 AI Stocks Investors Are Watching and 10 AI Stocks Analysts are Tracking Closely

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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