Nvidia Targets $500B Revenue, Faces $67B Investment Concerns, Foxconn AI-Driven 29.7% Growth
Jay Goldberg warns Nvidia’s $27B cloud deals and $40B equity stakes may inflate demand, recommends selling while other analysts maintain a $265 median target implying 50% upside. Nvidia unveiled a $500B revenue goal at GTC 2026 and Foxconn posted a 29.7% Q1 revenue surge on AI demand.
1. Seaport Research Sell Call
Jay Goldberg at Seaport Research is the sole analyst recommending selling Nvidia shares, highlighting $27B in cloud deals and $40B in equity stakes as potential demand-inflation risks relative to competitors’ custom silicon like TPUs and XPUs.
2. GTC 2026 Revenue Guidance
At its GTC 2026 event, Nvidia disclosed a $500B revenue target for the current fiscal year with plans to double that figure over the following years as it integrates chips, networking and software tools into its AI infrastructure offerings.
3. Foxconn Q1 AI-Driven Demand
Foxconn, Nvidia’s largest server maker, reported Q1 revenue of T$2.13T ($66.6B), up 29.7% year-over-year, slightly below forecasts of T$2.148T, driven by strong AI-related server orders boosting demand for Nvidia GPUs.