Ian Cooper’s Stock Pick of the Week
Nvidia (NASDAQ: NVDA) is back in focus as traders prepare for a major earnings catalyst.
According to Ian Cooper’s Stock Pick of the Week, May 20 could be an important day for tech stocks. That is when Nvidia is expected to report its next earnings results.
For traders watching artificial intelligence, Nvidia remains one of the most important names in the market.
Wall Street Remains Bullish on Nvidia
Several major firms remain positive on Nvidia ahead of earnings.
Bank of America recently reiterated its buy rating on Nvidia. The firm also set a $320 price target. Analysts pointed to several possible catalysts, including earnings, the Computex trade show, the Vera Rubin launch, and a potential return of cash in the second half of the year.
Oppenheimer also reiterated its outperform rating. The firm set a $265 price target and highlighted Nvidia’s potential free cash flow growth.
According to comments quoted by CNBC, Oppenheimer expects Nvidia’s calendar-year 2026 free cash flow to approach $200 billion. That could give the company more room for buybacks, dividends, and investment in the AI ecosystem.
That level of analyst support helps explain why NVDA remains one of the most watched stocks in the market.
Nvidia Earnings Could Be a Major Catalyst
Nvidia is expected to release first-quarter earnings on May 20.
Analysts expect revenue to range from $70 billion to $78 billion. That would represent about 60% year-over-year growth. Earnings per share could also nearly double.
The company’s data center business should drive much of that growth. Demand remains strong from hyperscale customers such as Microsoft, Amazon, and Alphabet.
However, guidance may matter even more than the headline numbers.
Investors want to know whether AI spending can stay strong through the second half of the year. If Nvidia delivers strong guidance, the stock could attract even more attention.
AI Spending Continues to Support Nvidia
Nvidia continues to benefit from massive AI infrastructure spending.
In 2025, some of the world’s largest technology companies spent about $415 billion on AI infrastructure. In 2026, that figure could climb to $630 billion. Over time, Nvidia believes total AI-related spending could reach $3 trillion.
Major technology companies continue to spend heavily on AI.
Microsoft has said it could spend $190 billion during the year. Amazon still plans to invest roughly $200 billion. Alphabet has also said capital spending could increase significantly in 2027.
That spending matters for Nvidia.
The company provides many of the chips, systems, and infrastructure tools that power AI growth. As long as major tech firms keep investing in AI, Nvidia could remain a major beneficiary.
The AI Trade Still Has Momentum
Some investors still worry about an AI bubble. That concern is understandable. Nvidia has already had a massive run, and expectations remain high.
However, current spending trends still support the AI growth story.
Companies continue to invest aggressively. Demand for computing power remains strong. Nvidia also sits at the center of the AI infrastructure boom.
That does not mean NVDA will move straight up. Earnings can create major volatility. A small disappointment could trigger a sharp pullback.
For traders, the key is to watch price action, guidance, volume, and market reaction after the report.
Final Thoughts
Nvidia could be one of the most important stocks to watch this earnings season.
The company has strong analyst support, major AI tailwinds, and continued demand from some of the world’s largest technology companies.
If Nvidia delivers strong earnings and upbeat guidance, NVDA could remain a leader in the tech sector.
As Ian Cooper has noted, leading stocks often create major trading opportunities around key catalysts. Nvidia’s upcoming earnings report may be one of those moments.
To learn more about Ian Cooper’s premium options strategies, stay tuned for more updates from FFR Trading.
Disclaimer: Investing in stocks and options involves risk and is not suitable for all investors. Past performance is not indicative of future results. This content is for informational and educational purposes only and should not be considered investment advice.