NVIDIA Corporation (NVDA) reported an impressive $39.1 billion in Data Center sales for the most recent fiscal year, reflecting a 73% increase from $22.5 billion the previous year. The company’s stock is currently trading at a forward 12-month earnings multiple of 30.1X, significantly lower than its five-year highs and median.
In May, NVIDIA partnered with Saudi Arabia’s HUMAIN to build AI factories utilizing several hundred thousand of its GPUs, showcasing the growing demand for its products. Additionally, it entered a collaboration with Novo Nordisk (NVO) to develop customized AI models for research and clinical applications. Despite concerns over its valuation, analysts project 42% EPS growth and 51% sales increase for NVIDIA in the current fiscal year.
