Nvidia (NASDAQ:NVDA) just reported some incredibly strong third-quarter numbers that saw sales double. With AI demand still moving at full speed ahead, it seems like the AI chip giant has even fuel to extend its rally.

Nvidia needs to continue to grow at a hefty pace or its stock price may start to level off. To do this, the company must execute at an extremely high level -- something it has shown it can do time and again. The biggest upcoming test is the rollout of Blackwell, the newest iteration of its flagship AI chip.

Nvidia stock has been on a disappointing run since its earnings last week but the good vibes looked set to return in a holiday-shortened session Friday.

Analysts have been busy updating their discounted cash flow models and price targets for Nvidia (NVDA) after the most important AI company in the world failed to give the sort of blow-out revenue guidance Wall Street has come to expect.