From Nasdaq: 2025-05-03 05:10:00

Nvidia (NASDAQ: NVDA) stock has dropped over 19% this year due to external factors affecting investor confidence. Despite concerns, recent developments suggest the company is on track for growth. The data center business remains a key revenue source, with strong demand for AI-focused chips reported by semiconductor peers like TSMC.

Recent news from cloud providers like Alphabet and Oracle deploying Nvidia’s Blackwell processors indicate a healthy demand for AI infrastructure. Nvidia stands to benefit from the $500 billion Project Stargate, potentially supplying 400,000 AI chips. The company is expected to report significant revenue from Blackwell processors in its upcoming results on May 28.

Management forecasts a 65% revenue jump in Q1 of fiscal 2026, supported by TSMC’s advanced AI chip production and major cloud providers adopting Blackwell chips. An earnings beat and strong guidance could boost Nvidia stock, which currently trades at an attractive valuation. Investors are encouraged to consider investing ahead of the earnings report on May 28.



Read more at Nasdaq: Prediction: Nvidia Stock Will Skyrocket After May 28