New York, April 12, 2026 — Goldman Sachs named Nvidia Corp. (NVDA) its top AI stock pick for 2026. The firm cited Nvidia's 92 percent share of the AI accelerator market, per Jon Peddie Research data released April 11. The CNN Fear & Greed Index stood at 16.

Bitcoin traded at $70,882 USD, down 3.6 percent April 12, per CoinMarketCap. Ethereum traded at $2,194.36 USD, down 4.8 percent.

Fear & Greed Index at 16

The CNN Fear & Greed Index reached 16 in March 2025 during a technology selloff, CNN data shows. AI stocks outperformed broader markets by 45 percentage points that year, S&P Global reported.

Federal Reserve minutes released April 10 projected two rate cuts in 2026.

Nvidia shares closed at $142.50 USD, down 1.2 percent April 12. Trading volume hit 350 million shares, Nasdaq data shows.

Nvidia's 92 Percent AI GPU Market Share

Nvidia controls 92 percent of the AI GPU market, Jon Peddie Research reported April 11. AMD holds 5 percent. Intel holds 3 percent.

OpenAI and Google DeepMind use Nvidia chips, per company filings.

Nvidia shipped 4.5 million AI GPUs in Q1 2026. Data center revenue reached $28.4 billion USD, up 215 percent year-over-year, Nvidia reported April 10.

Nvidia CEO on Machine Learning Demand

Enterprises deployed 2.3 million H100 GPUs last quarter, CEO Jensen Huang said on the earnings call.

Blackwell B200 chips launch in May 2026. The chips deliver 30 times the inference performance of prior models, Nvidia engineers stated at GTC.

Morgan Stanley raised its Nvidia price target to $180 per share April 12.

Nvidia Balance Sheet

Nvidia held $35.2 billion USD in cash and equivalents as of March 31. Debt totaled $10.1 billion USD.

Q1 2026 gross margins hit 78.9 percent. Operating income rose to $19.5 billion USD, up 312 percent year-over-year.

Forward P/E ratio is 32, based on consensus EPS of $4.45 for fiscal 2027, per FactSet. S&P 500 average P/E is 22.

Competitors' Positions

AMD launched MI300X chips in 2025. Nvidia outsold them 8-to-1 in AI workloads, SemiAnalysis data shows.

Intel's Gaudi 3 lags in software support. Just 12 percent of Fortune 500 firms use non-Nvidia AI hardware, Gartner surveyed April 5.

Amazon Web Services runs 70 percent of instances on Nvidia hardware. Microsoft Azure uses Nvidia for 65 percent of instances, Nvidia reports.

CUDA Ecosystem

Nvidia's CUDA platform supports 4,000 applications. Developers trained 500,000 models last year using Nvidia tools, company metrics show.

Nvidia invests $2 billion USD annually in AI research. TSMC manufactures 95 percent of its advanced chips.

TSMC reported 18 percent revenue growth April 11.

Revenue Outlook

IDC forecasts global AI spending at $250 billion USD in 2026. Nvidia captures 40 percent share.

Autonomous vehicles add $15 billion USD potential. Nvidia's Drive platform powers 60 percent of robotaxi fleets, per April 12 update.

Healthcare AI generates $8 billion USD pipeline. Siemens Healthineers deploys Nvidia Clara.

Valuation Metrics

Nvidia trades at 25 times forward sales. Broadcom trades at 12 times, Bloomberg data shows.

Google and Amazon custom ASICs may take 10 percent share by 2028, Barclays estimates.

U.S. export controls limit China sales to $5 billion USD annually, or 4 percent of total revenue.

Regulatory Updates

EU opened dominance probe under DMA rules April 8.

FTC reviewed AI mergers. Nvidia's 2025 ARM deal received approval.

Chip tariffs rise to 25 percent post-elections. Nvidia shifts supply chains to Malaysia.

Analyst Consensus

Microsoft uses Nvidia hardware for Copilot. Alphabet TPUs trail by 40 percent in training speed, MLPerf benchmarks show.

Consensus price target at $165, up 16 percent from current levels. 42 of 45 analysts rate Buy, TipRanks data shows.

Goldman Sachs projects 50 percent EPS growth through 2027.