We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
NVIDIA gains Beijing approval to resume H200 chip sales, reopening a key China revenue market.
NVDA sees up to $1T in AI chip orders by 2027, doubling its prior forecast.
Strong earnings growth outlook and rising estimates highlight continued momentum despite recent dip.
NVIDIA Corp (NVDA - Free Report) shares have slumped about 3% over the past month (as of March 17, 2026). Although the shares have gained 57.6% over the past year, they have slipped 3.7% this year, raising questions about whether investors should buy the slight dip in NVDA stock. Let’s find out.
NVIDIA Views $1 Trillion in Chip Orders by 2027
At its latest annual GTC conference, NVIDIA CEO Jensen Huang announced that the company now expects to secure up to $1 trillion in chip orders for its next-generation AI platforms — Blackwell and Rubin — by 2027. This is double the $500 billion forecast Huang had projected last year (read: ETFs to Gain as NVIDIA Views $1 Trillion in Chip Orders by 2027).
Note that NVIDIA is strengthening its position in the artificial intelligence (AI) compute market with the launch of its Vera Rubin platform. Vera Rubin boosts efficiency, reduces GPU requirements, and lowers inference costs compared with the Blackwell architecture.
NVIDIA Secures Key Approval to Resume China Chip Sales
NVIDIA has received approval from Beijing to sell its second-most powerful AI chips, clearing a major hurdle that had stalled shipments to China. The decision allows the company to resume sales of its H200 chips in a market that once accounted for 13% of its revenue, per Reuters, as mentioned on Yahoo Finance.
In parallel, NVIDIA is developing a version of its Groq AI chip tailored for the Chinese market, in order to expand its footprint while navigating trade restrictions, as mentioned in the same source.NVIDIA inked a $20 billion deal with American AI company Groq in November, per CNN.
Strong Demand but Lingering Uncertainty
Chinese firms have shown strong interest in the H200 chips, with earlier report from Reuters indicating preliminary approval for major players like ByteDance, Tencent, and Alibaba, as quoted on Yahoo Finance. However, some uncertainty remains, as sources suggest final regulatory conditions may still be in progress.
Analysts Are Bullish on NVDA
Nine out of 15 analysts have raised earnings estimates for the upcoming quarter over the past 30 days, while the Zacks Consensus Estimate for the same period has increased by 13 basis points to 1.73% over the past month.
Impressive Growth Rate
NVIDIA’s earnings are expected to grow by 63.94% this year versus the underlying Semiconductor - General industry’s projected growth rate of 26.70% and the S&P 500’s expected growth of 32.52%. The company’s expected growth rate for next year is also strong at 25.96%, compared with the industry’s 34.50% and the S&P 500’s projected 12.31%.
Decent Valuation
NVDA shares have traded at a Price/Earnings (TTM) multiple of 38.33X versus the underlying Semiconductor - General industry’s multiple of 122.69x. Its price-to-cash-flow (MRFY) ratio stands at 38.78x compared with the industry’s 18.06x. However, NVIDIA’s price-to-book (MRQ) ratio remains high at 28.31x versus the industry’s 2.79x.
NVIDIA-Heavy ETFs in Focus
Against this backdrop, investors can play NVIDIA-heavy exchange-traded funds (ETFs) like VanEck Semiconductor ETF (SMH - Free Report) , State Street Technology Select Sector SPDR ETF (XLK - Free Report) , Invesco QQQ (QQQ - Free Report) and iShares Semiconductor ETF (SOXX - Free Report) .
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Time for NVIDIA-Heavy ETFs?
Key Takeaways
NVIDIA Corp (NVDA - Free Report) shares have slumped about 3% over the past month (as of March 17, 2026). Although the shares have gained 57.6% over the past year, they have slipped 3.7% this year, raising questions about whether investors should buy the slight dip in NVDA stock. Let’s find out.
NVIDIA Views $1 Trillion in Chip Orders by 2027
At its latest annual GTC conference, NVIDIA CEO Jensen Huang announced that the company now expects to secure up to $1 trillion in chip orders for its next-generation AI platforms — Blackwell and Rubin — by 2027. This is double the $500 billion forecast Huang had projected last year (read: ETFs to Gain as NVIDIA Views $1 Trillion in Chip Orders by 2027).
Note that NVIDIA is strengthening its position in the artificial intelligence (AI) compute market with the launch of its Vera Rubin platform. Vera Rubin boosts efficiency, reduces GPU requirements, and lowers inference costs compared with the Blackwell architecture.
NVIDIA Secures Key Approval to Resume China Chip Sales
NVIDIA has received approval from Beijing to sell its second-most powerful AI chips, clearing a major hurdle that had stalled shipments to China. The decision allows the company to resume sales of its H200 chips in a market that once accounted for 13% of its revenue, per Reuters, as mentioned on Yahoo Finance.
In parallel, NVIDIA is developing a version of its Groq AI chip tailored for the Chinese market, in order to expand its footprint while navigating trade restrictions, as mentioned in the same source.NVIDIA inked a $20 billion deal with American AI company Groq in November, per CNN.
Strong Demand but Lingering Uncertainty
Chinese firms have shown strong interest in the H200 chips, with earlier report from Reuters indicating preliminary approval for major players like ByteDance, Tencent, and Alibaba, as quoted on Yahoo Finance. However, some uncertainty remains, as sources suggest final regulatory conditions may still be in progress.
Analysts Are Bullish on NVDA
Nine out of 15 analysts have raised earnings estimates for the upcoming quarter over the past 30 days, while the Zacks Consensus Estimate for the same period has increased by 13 basis points to 1.73% over the past month.
Impressive Growth Rate
NVIDIA’s earnings are expected to grow by 63.94% this year versus the underlying Semiconductor - General industry’s projected growth rate of 26.70% and the S&P 500’s expected growth of 32.52%. The company’s expected growth rate for next year is also strong at 25.96%, compared with the industry’s 34.50% and the S&P 500’s projected 12.31%.
Decent Valuation
NVDA shares have traded at a Price/Earnings (TTM) multiple of 38.33X versus the underlying Semiconductor - General industry’s multiple of 122.69x. Its price-to-cash-flow (MRFY) ratio stands at 38.78x compared with the industry’s 18.06x. However, NVIDIA’s price-to-book (MRQ) ratio remains high at 28.31x versus the industry’s 2.79x.
NVIDIA-Heavy ETFs in Focus
Against this backdrop, investors can play NVIDIA-heavy exchange-traded funds (ETFs) like VanEck Semiconductor ETF (SMH - Free Report) , State Street Technology Select Sector SPDR ETF (XLK - Free Report) , Invesco QQQ (QQQ - Free Report) and iShares Semiconductor ETF (SOXX - Free Report) .