Nvidia Hits Historic Gain Streak Amid Aggressive AI Revenue Targets

Nvidia has achieved a historic milestone, recording 11 consecutive trading days of gains, the longest such streak in the company's history since its initial public offering in January 1999. This rally follows a period of volatility where the stock shed approximately 20% of its value starting in October due to concerns over AI adoption and rising competition. The current momentum is underpinned by robust financial performance and aggressive forward-looking guidance. The company's dominance in the AI hardware space continues to be validated by record-breaking revenue and earnings growth that outpaces market expectations. For the fourth quarter of fiscal 2026, Nvidia reported record revenue of $68 billion, a 73% increase year-over-year, with adjusted earnings per share rising 82% to $1.62. Looking ahead, management has set a Q1 revenue target of $78 billion, which would represent an acceleration in year-over-year growth to 77%. Further fueling the bullish sentiment is CEO Jensen Huang's projection that the company will sell at least $1 trillion worth of Blackwell and Vera Rubin AI chips between now and 2027. This target represents a massive scale-up compared to the $216 billion in revenue generated last year. From a valuation perspective, the stock is currently trading at approximately 41 times earnings. This is notably lower than its three-year average multiple of 72, suggesting that the stock's current price may not fully reflect its fundamental growth trajectory.