NVIDIA (NVDA) Jumps Onto New Street’s “2026 Best Ideas List” on Exceptional Order Momentum

NVIDIA NVDA -1.02% ▼ just received a major boost from New Street Research, as analyst Pierre Ferragu added the chipmaker to the 2026 Best Ideas list. Also, he reiterated a Buy rating on the stock, arguing that the scale of NVIDIA’s current order momentum is unlike anything the tech industry has seen before.

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Surge in Orders That Stunned Analysts

Ferragu points to comments made by CEO Jensen Huang at two separate events, one in late 2025 and another just a few months later. At the first event, Huang said NVIDIA had visibility into $500 billion worth of cumulative orders for its Blackwell platform and early Rubin ramps through 2026.

But at the recent GTC keynote, Huang said that the same order outlook had jumped to $1 trillion. That means NVIDIA added about $500 billion in orders in less than five months, putting its current order run rate at more than $1.3 trillion a year.

Ferragu said he confirmed the numbers in one‑on‑one conversations with both Huang and CFO Colette Kress. He said Huang made it clear that NVIDIA already has over $1 trillion in orders today and expects that strong pace to continue.

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What It Means for 2026 and Beyond

The analyst believes the surge reflects two things: either 2026 orders have grown meaningfully since late 2025, or 2027 orders are already coming in strong.

Even if order growth slows between the Blackwell and Rubin product cycles, Ferragu expects NVIDIA to deliver a solid beat in 2026 and an even stronger one in 2027. His model now points to NVIDIA becoming a $1 trillion revenue company by the end of 2027, about double current consensus expectations.

If NVIDIA reaches $1 trillion in annual revenue, Ferragu estimates the company could earn $20–$25 in earnings per share and expects half of that to go toward buybacks and dividends.

Overall, with orders accelerating and long‑term visibility improving, the analyst said NVIDIA remains one of the strongest stories in tech. He added NVDA to his 2026 Best Ideas list, calling it a standout opportunity as demand for AI infrastructure continues to surge.

Is NVDA a Strong Buy?

Overall, Wall Street has a Strong Buy consensus rating on NVIDIA stock based on 41 Buy and one Hold recommendations. The average NVDA stock price target of $274.03 indicates 53.29% upside potential.

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