The AI infrastructure build-out is still in its early stages, Cantor analysts say, as they see hundreds of billions of dollars in demand still ahead and believe Nvidia’s opportunity in the market has more to run.

The lottery's get-rich-quick allure makes the gamble seem like a no-brainer. Moreover, the prizes are expected to only increase in value over time. Lottery organizers are motivated to do so because they noticed Americans tend to spend more on tickets when the jackpots are larger.

However, the stock got a boost on Thursday when Bloomberg reported that the U.S. has now granted an export license for Nvidia to ship tens of billions of dollars worth of its top artificial intelligence (AI) graphics processing units (GPUs) to the United Arab Emirates.

Nvidia stock jumps 2% on strong AI demand, US export approvals, and bullish analyst ratings, despite high valuation risks.

Cantor now sees Nvidia hitting an $8 earnings per share in calendar year 2026 versus the consensus of $6.26 and $11 in 2027 compared to the $7.37 consensus. The analysts also pointed out that token demand has skyrocketed in the last few months, which is increasing profit per token.

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The United States has approved several billion dollars worth of Nvidia chip exports to the United Arab Emirates, Bloomberg News reported on Wednesday, citing people familiar with the matter.

An executive of a Singaporean firm called Megaspeed socialized with Nvidia’s Jensen Huang. Now the company is being scrutinized by U.S. officials for its ties to China.