US Top News and Analysis | We're raising our price target on Nvidia after another knockout quarter and guide
AI generated summary, Read the full article for complete information.
Nvidia delivered a blockbuster fiscal‑2027 Q1, with revenue jumping 85% year‑over‑year to $81.6 billion and adjusted EPS up 140% to $1.98, both beating consensus estimates. CEO Jensen Huang highlighted “parabolic” demand for AI, especially agentic AI that drives massive token usage, while CFO Collete Kress noted that AI infrastructure spending is on track to reach $3‑4 trillion annually by decade’s end, supported not just by hyperscalers (Amazon, Microsoft, Meta, Alphabet) but also by AI‑native firms, on‑premise enterprises and sovereign initiatives. Nvidia’s Data‑Center segment posted $75.3 billion in sales, split roughly evenly between hyperscale and “AI Clouds, Industrial & Enterprise” customers, with the latter growing faster. The company also announced the Vera CPU and a strong ramp for its Blackwell GPUs, raised its fiscal‑2027 Q2 revenue guidance to $91 billion (well above the $86.8 billion consensus), and increased its price target to $260, maintaining a “buy” rating.
Read more: https://www.cnbc.com/2026/05/20/were-raising-our-price-target-on-nvidia-after-another-knockout-quarter-and-guide-.html
#Nvidia #JensenHuang #Blackwell #VeraCPU