Nvidia Corp. sits at the heart of the artificial intelligence surge, its GPUs powering the data centers that train massive models. Fiscal 2026 revenue hit $215.9 billion, up 65% from the year before. Data center sales alone reached $62.3 billion in the final quarter. Yet investors wonder: can this run continue? Recent earnings from Amazon.com Inc. and Alphabet Inc. offer clues—and some cracks. Amazon CEO Andy Jassy said, “We have such demand right now for Trainium, and we have such demand from various companies who will consume as much as we make.” The Motley Fool highlighted how both giants ramp up custom silicon, Trainium for Amazon and TPUs for Alphabet, even as they buy billions in Nvidia gear.
Alphabet plans to ship TPUs to customers’ data centers, recognizing revenue mostly next year. Amazon sticks with Nvidia partnerships but eyes Trainium for explosive workloads. Nvidia’s gross margins hold at 71%, market cap $5.1 trillion. No slowdown yet. But competition brews. Customers mix providers; AI tasks vary. Nvidia pushes beyond chips into networking, software, robotics, autos, telecom.
Enter Blackwell. CEO Jensen Huang forecast $1 trillion in lifetime sales from Blackwell and successor Vera Rubin by end-2027, doubling prior $500 billion through 2026. Yahoo Finance reported analysts eyeing $325 year-end targets, above $267 consensus. Wall Street sees FY2027 revenue at $369 billion, up 71%; FY2028 at $480 billion. The Motley Fool noted the market prices scant growth post-2026, S&P at 20.6 times forward earnings versus Nvidia’s premium.
Blackwell ships in volume. Supply commitments doubled to $95.2 billion. CFO Colette Kress cited $500 billion visibility for Blackwell and Rubin from early 2025 through 2026 end. Phemex Academy. Systems now deploy across major clouds. Wells Fargo analysts called $1 trillion conservative, potential 15-20% upside. But stock dipped to $199.98, down 4.43% amid broader chip jitters. Alphabet soared 10%, Amazon edged up 0.77%.
China looms large. Export curbs bite; Huawei’s AI chips surge there, per recent buzz on X. Nvidia adapts. Rubin launches second-half 2026. Bulls eye $300+ shares. BingX posits $300-$350 on hyperscaler capex and China recovery. Bears flag overextension. Chipmakers like Broadcom, Intel flash warnings. CNBC.
Physical AI next. Nvidia eyes humanoid robots, factories. Three prior chip cycles inform; fourth via physical AI? TickerXray on X probes. HBM memory squeezes: Blackwell B200 packs 192GB, up from H100’s 80GB. Demand explodes.
Stock trades around $193-$200 lately, 30% off $280 peak. Consensus Strong Buy, $257 average target, high $352. CNBC flags rally potential on $1T+ Blackwell/Rubin demand through 2027. Data centers hum with Nvidia kit; CoreSite tour showed Blackwell in two-thirds of systems. CNBC.
And risks? Delays. Supply chains snag—Alpha Compute pushed Blackwell cluster handover to May 8. Financing needs grow. Dilution possible. Huawei gains in China. Custom chips nibble share for inference, training subsets.
But Nvidia innovates fast. GTC doubled forecasts; stock rose then. $370 in three years? Assume 50% margins, 30x earnings. From $168 close, doubles. The Globe and Mail.
So. Growth marches. Cloud foes build alternatives. Investors price caution. Blackwell delivers. Rubin follows. AI hunger unabated. Nvidia leads—for now.
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