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Nvidia (NVDA)’s First-Ever Year-Ahead Forecast Puts It on a Path to Pass Apple and Alphabet
Insider Monkey19d agoneutral
Nvidia (NVDA)’s First-Ever Year-Ahead Forecast Puts It on a Path to Pass Apple and Alphabet

CNBC reported that NVIDIA Corporation (NASDAQ:NVDA) CFO Colette Kress told investors on August 26 that fiscal 2028 revenue growth will reach 70%, far above the 44% average analyst estimate tracked by LSEG, marking the company’s first-ever year-ahead revenue forecast. Applied to the roughly $396 billion consensus estimate for fiscal 2027, that guidance implies fiscal 2028 […]

Musk Moves Up SpaceX (SPCX)’s Orbital Data Center Timeline, Again
Insider Monkey19d agoneutral
Musk Moves Up SpaceX (SPCX)’s Orbital Data Center Timeline, Again

Bloomberg reported that Elon Musk said Space Exploration Technologies Corp. (NASDAQ:SPCX) first AI satellites, powered exclusively by NVIDIA Corporation (NASDAQ:NVDA) chips, will launch in the fourth quarter of 2027 and reach “significant scale” in 2028, citing a post on X. Musk wrote “SpaceX, in partnership with Nvidia, has designed a space-optimized Vera Rubin NVL72 system […]

Can Nvidia (NVDA) Prove it Doesn’t Live or Die by a Handful of Hyperscalers?
Insider Monkey19d agoneutral
Can Nvidia (NVDA) Prove it Doesn’t Live or Die by a Handful of Hyperscalers?

NVIDIA Corporation (NASDAQ:NVDA) biggest lingering investor concern was customer concentration, CNBC reported. Nvidia relies on hyperscalers Amazon, Google, and Microsoft, along with major buyers Meta and SpaceX, for an outsized share of revenue, and in May began splitting its data center reporting into “hyperscalers” versus everyone else, a group it calls AI clouds, industrial, and […]

NVIDIA (NVDA)’s $20 Billion Groq Bet Goes Live This Year With New AI Racks
Insider Monkey19d agoneutral
NVIDIA (NVDA)’s $20 Billion Groq Bet Goes Live This Year With New AI Racks

CNBC reported that NVIDIA Corporation (NASDAQ:NVDA)’s Groq 3 LPX rack is in full production and will be deployed alongside its Vera CPUs and Rubin GPUs at neocloud Nebius later this year, Nvidia senior director Dion Harris told reporters. The rack marks the commercialization of technology from Nvidia’s $20 billion purchase of Groq’s assets in December, […]

Nvidia’s Profits Could Rival a Country’s GDP by 2029
24/7 Wall St.19d agoneutral
Nvidia’s Profits Could Rival a Country’s GDP by 2029

$851 Billion Profit Projection $851 billion. That is the approximate annual net income NVIDIA (NASDAQ:NVDA) would generate three years out if Wall Street’s forecast of a 64% compounded EPS growth rate plays through, applied to a trailing-12-month base of roughly $193 billion in net income and $7.91 in TTM diluted EPS. For context, Saudi Aramco […]