Nvidia’s Potential Market Expansion with Next-Generation AI Chips
Chipmaking giant Nvidia stands on the brink of a significant expansion in its already vast business. This revelation comes from the company’s CFO, Colette Kress, during her presentation at the Bank of America Global Technology Conference on June 4, 2026.
Kress provided an overview of Nvidia’s chip generation roadmap, highlighting the immense implications it holds for the company’s potential market. As per Bank of America analyst Vivek Arya, Nvidia is confident that each new generation of systems can significantly expand its total addressable market.
- Currently, it stands at approximately $40 billion per gigawatt for the Blackwell Ultra platform.
- It is projected to grow towards $60–80 billion per gigawatt with the upcoming Vera Rubin and Rubin Ultra architectures.
- And it could potentially reach ~$100 billion per gigawatt with the future Feynman platform.
Bank of America reaffirmed its Buy rating on Nvidia stock and maintained a $350 price target, indicating a roughly 60% upside from recent trading levels. Arya described Nvidia’s growth runway as “compelling,” attributing it to the company’s relentless architectural innovation cycle and dominant market position in AI infrastructure.
In a recent development, Nvidia unveiled its Vera Rubin platform, which promises up to a 10x reduction in AI inference token costs compared to Blackwell. The company reported Q1 fiscal 2027 revenue of $81.6 billion, marking an 85% year-over-year increase. This continues its impressive growth trajectory in line with the accelerating global AI infrastructure spending.
Source: TheStreet – Bank of America resets Nvidia stock forecast after CFO meeting