Los catalizadores de crecimiento de Nvidia para 2026 y potencial de precio del 75%: Reingreso estratégico en China y valoración de cataractas del combustible de la demanda de IA

The global AI revolution is accelerating, and Nvidia stands at its epicenter. As artificial intelligence reshapes industries, the demand for high-performance computing infrastructure has surged, creating a fertile ground for companies like Nvidia to capitalize on unprecedented growth. For investors, the question is no longer whether AI will dominate the next decade but how quickly and which players will lead the charge. Nvidia's strategic re-entry into the Chinese market, coupled with its dominance in AI hardware and software ecosystems, positions it as a prime beneficiary of this transformation.

Strategic Re-Entry in China: A Calculated Regulatory Shift

Nvidia's re-entry into China in 2025 has been a focal point of geopolitical and economic analysis. In October 2025, the U.S. government approved the sale of Nvidia's H200 GPUs to approved Chinese buyers, marking a pivotal regulatory shift. This decision aligns with the White House's July 2025 AI Action Plan, which emphasizes the export of the "full AI technology stack" to maintain U.S. competitiveness while addressing national security concerns. However, the conditional nature of this approval-requiring 25% of revenue from H200 sales to be remitted to the U.S. government-reflects a nuanced approach to balancing commercial interests with strategic risks.

China remains a critical market for Nvidia, with its AI chips already powering major Chinese AI models. Despite U.S. export restrictions, demand for modified versions of Nvidia's chips persists. The potential to unlock an additional $25–$30 billion in annual revenue from H200 sales to China, if regulatory hurdles are overcome, underscores the market's significance. While Chinese regulators may impose their own restrictions, the reopening of this market offers a tangible growth catalyst for 2026.

AI Demand Surges: A $3–$4 Trillion Infrastructure Opportunity

The global AI infrastructure market is expanding at a breakneck pace. According to UBP, annual AI infrastructure spending could reach $3–$4 trillion by 2030, with Nvidia's data-center revenue projected to grow from $115 billion in fiscal 2025 to $483 billion by 2030. This trajectory is driven by the rollout of advanced GPU systems like the Blackwell and Rubin lines, which are already generating "off-the-charts" demand.

Bank of America forecasts $500–$600 billion in sales for these systems between 2025 and 2026, including $150 billion in shipments. Key partnerships, such as the expanded collaboration with Saudi Arabia's HUMAIN and Anthropic for AI model training, further solidify Nvidia's leadership in this space. The integration of hardware and software-anchored by CUDA and AI frameworks-creates a competitive moat that rivals struggle to replicate.

Valuation Rerating: Justifying the 75% Price Potential

Nvidia's valuation has already surged to $4.3 trillion as of December 2025, with a forward earnings multiple of 23.1 and a PEG ratio of 0.68 according to market data. Analysts argue that the market underestimates the long-term value of AI investments. Goldman Sachs analyst James Schneider reiterated a "buy" rating in December 2025, raising the price target to $250, a 45% upside from the $178.03 share price at the time. Similarly, UBP projects a 75% price potential by 2026, citing the company's dominance in AI infrastructure and the scale of the opportunity.

The rationale for this rerating hinges on two pillars: demand visibility and ecosystem strength. With $500 billion in orders for Blackwell and Rubin systems already secured, the revenue pipeline is robust according to market analysis. Meanwhile, Nvidia's ecosystem-spanning software, chip design, and strategic investments-ensures that even a 20–25% reduction in market share due to competitive pressures would still yield $600 billion to $1 trillion in annual revenue by the late 2020s according to financial projections.

Risks and Mitigants

While the outlook is bullish, risks persist. Power constraints and the rise of custom accelerators from hyperscalers could erode pricing power over time. Additionally, geopolitical tensions may complicate access to the Chinese market, as Chinese regulators could impose their own restrictions on H200 chips. However, Nvidia's diversified partnerships and its ability to adapt its products to regulatory environments mitigate these risks.

Conclusion: A Compelling Case for 2026

Nvidia's 2026 growth story is underpinned by a confluence of factors: a strategic re-entry into China, a $3–$4 trillion AI infrastructure market, and a valuation that reflects its dominant ecosystem. The 75% price potential, while ambitious, is justified by the scale of demand and the company's ability to monetize its technological leadership. For investors, the key takeaway is clear: Nvidia is not just a beneficiary of the AI revolution-it is a catalyst.