After experiencing a "five-day rally," Nvidia's stock price has quietly climbed back near its historical high.As of Tuesday's US stock market close,Nvidia rose by 4.05%,closing at $132.89,just a "step away" from the peak of $135.58 set in June.

At the same time,Wall Street is also bullish.Analysts said the strong demand for the new Blackwell chip series will make Nvidia achieve strong performance next year.In contrast,after Nvidia released its last financial report,Wall Street was still "picky" about the performance not exceeding expectations by a large margin.

Cantor Fitzgerald analyst C.J.Muse believes that in the chip industry,Nvidia seems to be the company most likely to achieve a major breakthrough in the future.He and his team believe that among all the companies they have studied,Nvidia's performance has the most "potential to exceed expectations."

Wall Street believes that the upcoming Blackwell chip,which is crucial to Nvidia's profit potential,is expected to make a significant contribution in the fiscal quarter ending in January next year.Nvidia estimates that this product line will bring in "several billion dollars" in revenue in that quarter,while Wall Street's forecast is about $4 billion.

Nvidia CEO Huang Renxun previously said that the market demand for Blackwell is "very crazy," and with the company's consistent strong execution,Muse believes that Nvidia's future performance is expected to exceed expectations.

Muse estimates that Nvidia's revenue in the fiscal quarter ending in January next year will reach about $37 billion,and the revenue in the fiscal quarter ending in April next year will reach about $41 billion.Both figures are about $1 billion higher than the market consensus forecast.

He wrote in a report: "Before what we believe is the largest and most important product cycle we have ever seen,Blackwell should drive performance up and eliminate concerns about potential short-term fluctuations in the future."

"In this context,Nvidia is undoubtedly our top choice," he added.

Coincidentally,Mizuho analyst Jordan Klein also said that long-term investors and hedge fund investors are increasingly interested in the trend of Nvidia's stock,especially against the backdrop of entering 2025."Due to demand far exceeding supply," Blackwell chips may drive future profits to far exceed expectations.

He cited the latest remarks of Terry Gou,chairman of the well-known technology manufacturing company Foxconn/Hon Hai.Terry Gou said on Tuesday that,as Huang Renxun said,the demand for Blackwell chips is very crazy.This has ignited investors' enthusiasm.Additionally,Phil Panaro,a former senior advisor at the Boston Consulting Group,even believes that the continuous growth of artificial intelligence and the advent of Blackwell chips could potentially increase Nvidia's annual revenue from $61 billion in the fiscal year of 2024 to $600 billion by 2030.In light of this,he predicts that Nvidia's stock price may soar to around $800 by 2030.

Overall,Wall Street analysts have a consensus rating of "strong buy" for Nvidia's stock: over the past three months,they have given 39 buy ratings,3 hold ratings,and 0 sell ratings.After a 192% increase in the stock price over the past year,their average target price is $152.44,which implies that the stock still has about a 15% upside potential.