Street View: Nvidia's next chapter looks even bigger
NVDA•Analysts see more upside ahead
** Goldman Sachs says NVDA has a clearer path to outperform in the coming months, as stronger growth potential and improving margin visibility help ease concerns around costs and execution
** J.P. Morgan ("overweight," PT: $320) says NVDA's first formal FY 28 revenue outlook appears conservative, with demand running well above supply, and believes stronger adoption of agentic artificial intelligence, sovereign demand, and additional supply capacity could provide upside ahead.
** TD Cowen ("buy," PT: $275) says Nvidia's integrated portfolio of processors, artificial intelligence chips and networking technologies position it to sustain strong data center growth in the years ahead
** Jefferies ("buy," PT: $300) says it sees NVDA surpassing $1 trillion in revenue by fiscal 2029, driven by strong artificial intelligence infrastructure demand and its Rubin platform
Nvidia forecasts stronger revenue growth on AI demand
** Nvidia NVDA.O on Wednesday forecast a 70% jump in revenue next fiscal year on strong AI demand, but said ongoing memory component shortages will continue to limit the pace of its expansion
** Shares up 6.77% at $223.80 in premarket trading
