Nvidia (NASDAQ: NVDA) expects to generate $1 trillion in AI chip sales over 2026 and 2027, according to CEO Jensen Huang. The company’s fiscal 2027 first-quarter earnings report is set to be released on May 20, following a strong performance in AI, with Wall Street anticipating earnings per share of $1.77—an increase of 78% year-over-year.
The graphics processing unit leader has made significant strides in AI technology, forging partnerships with companies like ServiceNow and Corning. Nvidia’s total revenue was approximately $216 billion over the last 12 months, and its stock has consistently beaten analysts’ earnings expectations in recent quarters. Major cloud players such as Amazon, Alphabet, and Microsoft, which account for 63% of the global cloud infrastructure market, continue to rely on Nvidia’s GPUs for their AI capabilities.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
