Nvidia: Wall Street Is Sleeping, Consensus Estimates Look Too Low
Nvidia is highlighted as a strong investment choice due to its impressive revenue growth and optimistic future projections. The company reported an 85% year-over-year revenue increase, with expectations for continued growth driven by advancements in AI technology. Analysts believe that Nvidia's potential market for CPUs could reach significant figures in the coming years.
- ▪Nvidia reported an 85% year-over-year revenue growth, reaching $81.6 billion.
- ▪Management projects revenue to hit $91 billion and potentially double in the next quarter.
- ▪The company is targeting a $200 billion total addressable market for CPUs and aims for $20 billion in CPU revenue this year.
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