[UPDATE] Huang reaffirms $3-4T AI market at Communacopia as Baird names Nvidia, Micron top 2026 chip picks (PT $275 / $443)
Nvidia CEO Jensen Huang used Goldman Sachs' Communacopia conference Thursday Sept 11 to restate the projection he first made a year earlier, that the AI market reaches $3-4 trillion before the end of the decade, and Robert W. Baird's Tristan Gerra named Nvidia and Micron top semiconductor picks for 2026, lifting the Nvidia target to $275 and Micron to $443 on improved earnings visibility and stronger end-market demand. The read for the desk is that the near-term Nvidia narrative stays net-bullish rather than deteriorating, and the call is the momentum spine under its healthiest watch cluster (MU, WDC, SNDK) ahead of Micron's Sept 30 print. Watch the reported one-quarter Rubin delay and rising custom-ASIC share (TrendForce puts ASIC servers at 27.8% of 2026 shipments) as the offsetting risk to a merchant-GPU-only read.