NVIDIA Corporation (NVDA) is expected to surpass its $65 billion sales target in the fourth quarter of fiscal 2026. With record revenues of $57.01 billion in the third quarter, driven by the booming data center business, NVDA remains optimistic about continued growth in the AI infrastructure sector.

Advanced Micro Devices, Inc. (AMD) and Intel Corporation (INTC) are close competitors in the AI data center space, offering alternatives to NVIDIA’s solutions. AMD’s MI300 series accelerators and Intel’s Gaudi series aim to provide cost-effective and scalable options for AI data centers, attracting interest from cloud providers and enterprise clients.

NVIDIA’s stock has risen by 34.6% in the past year, outperforming the Semiconductor – General industry. Trading at a forward P/E ratio of 25.36, below the industry average, NVIDIA is expected to see a 55.9% year-over-year increase in fiscal 2026 earnings. Analysts project a surge of 66.7% in fourth-quarter revenues, exceeding the $65 billion target.

The next phase of the AI explosion is set to create significant wealth for investors, with the potential to revolutionize various industries. Zacks’ AI Boom 2.0 report highlights four under-the-radar companies poised to lead the next wave of AI innovation, offering opportunities for growth and investment in cutting-edge technologies.

Read more at Nasdaq: Will Data Center Unit Help NVIDIA Reach Its $65B Q4 Revenue Goal?