Nvidia's data center revenue surged, with predictions of reaching $280 billion by 2027.

From NASDAQ MarketSite: 2024-04-06 16:19:00

Nvidia’s data center revenue surged 217% in fiscal 2024 to $47.5 billion, with expectations for continued growth. Analysts predict revenue could reach $280 billion by 2027. New chips like the H200 and B100 are set to drive this growth, with cloud giants like Amazon and Microsoft already on board for adoption.

As Microsoft prepares to invest heavily in AI-focused data centers, Nvidia’s upcoming offerings are poised for strong demand. With expected supply constraints due to high demand, Nvidia’s revenue could reach $280 billion by 2027. This growth, along with Nvidia’s strength in gaming, positions the company as a top AI stock to watch.

Although Nvidia’s current valuation is high, its potential for growth in data centers and gaming segments could lead to significant upside for investors. The company’s dominance in the data center market, coupled with the launch of new AI chips and strong partnerships with cloud providers, underscores its long-term growth prospects.



Read more at NASDAQ MarketSite: 280 Billion Reasons to Buy Nvidia Stock Hand Over Fist Right Now