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Nvidia Reports Strong Q3 Growth
Nvidia (NASDAQ: NVDA) announced a remarkable 62% year-over-year growth in its Q3 FY 2026, reaching $57 billion in revenue as of October 26. The company’s data center division, which largely encompasses AI spending, saw a revenue increase of 66% to $51.2 billion. Analysts anticipate that Nvidia could see its revenue double by 2026, with projections estimating $313 billion in revenue for FY 2027, concluding in January.
Despite strong performance, Nvidia’s stock price currently hovers around $180, with an average price target of nearly $250 among 63 analysts. Only five analysts rated the stock as a hold, sell, or strong sell, while 10 deemed it a strong buy. The company anticipates significant sales from its Blackwell and Rubin chip architectures, estimating earnings of $500 billion from these products through 2026.
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