**Nvidia Shares Surge Ahead of Anticipated Earnings Report**

Shares of Nvidia saw a significant uptick on Tuesday, just one day before the company is set to release its third-quarter earnings report. Investors' confidence in the chipmaker has been buoyed by increasingly optimistic analyst forecasts. Analysts now predict that Nvidia's revenue for the quarter will surge by 84% year-over-year, reaching an impressive $33.29 billion, largely fueled by record-breaking sales in its data center segment, according to data compiled by Visible Alpha.

In a recent note to clients on Monday, Stifel analysts expressed strong support for Nvidia, issuing a "buy" rating and raising their price target from $165 to $180. This new target suggests a potential 23% increase from Tuesday’s intraday price. Stifel's analysts are optimistic about Nvidia's future, predicting that the company's total addressable market could exceed $100 billion by the end of 2025, with a longer-term potential nearing $1 trillion.

"We foresee significant opportunities in high-performance computing, hyperscale and cloud data centers, and enterprise and edge computing," the analysts noted, emphasizing the persistent high demand for AI compute capabilities which continues to outstrip supply.

As of Tuesday afternoon, Nvidia’s shares had risen over 4% to $146.54. The stock has shown remarkable performance throughout the year, nearly tripling in value since January.