Nvidia (NVDA) Achieves 92% Data Center Revenue Growth

AI Summary

Nvidia (NVDA) reported a 92% year-over-year growth in Data Center revenue, totaling $75.25 billion in Q1 FY27. Despite this growth, shares are currently trading at $210.69, 27% below their 52-week high of $236.26. Analysts project a consensus price target of $298.93, with a base case estimate of $259.98, indicating a potential upside of 23.39%. The possibility of reaching $400 per share by 2029 requires doubling EPS and achieving a 50x forward P/E ratio, indicating a necessary gain of approximately 89.9%.