Nvidia is emerging as one of the most closely watched companies on Wall Street after delivering another round of blockbuster quarterly results that stunned analysts.
The chipmaker reported fiscal second-quarter 2027 revenue of $92.22 billion, a staggering 106% surge compared to the same period a year ago.
Data center sales, Nvidia’s largest and most critical business segment, soared 117% year-over-year to reach $89.02 billion in the quarter.
The results reinvigorated investor enthusiasm for the artificial intelligence trade, pushing Nvidia shares up more than 9% in a single session.
That single-day move put the chipmaker on track to add over $450 billion in market capitalization, a figure that underscores the extraordinary scale of investor appetite for AI-related assets.
Looking ahead, Nvidia guided for fiscal third-quarter revenue of $108 billion, plus or minus 2%, a forecast that exceeded many expectations on Wall Street.
On the earnings conference call, finance chief Colette Kress said fiscal year 2028 revenue is anticipated to grow about 70% year-over-year, while highlighting that this was a supply-constrained outlook.
That supply constraint caveat signals that actual demand from customers building out AI infrastructure could be running even hotter than the guidance suggests.
Of the 61 analysts covering NVDA who are tracked by S&P Global Market Intelligence, 58 rate the stock a Buy or Strong Buy, while two have it at Hold and one rates it a Strong Sell.
The consensus recommendation works out to a Strong Buy, with an average price target of $305.41, representing implied upside of 44% to current levels.
Analyst price targets range from $254.73 on the low end to $489 at the high end, with some viewing current valuations as inexpensive relative to projected growth and margins.
The $1 trillion annual revenue threshold, once considered an almost unthinkable milestone, is now entering serious analyst conversation given the trajectory of Nvidia’s recent results.
Nvidia is now widely described as the world’s largest company, a position built almost entirely on its dominance in AI hardware and the insatiable demand from data center operators globally.
The historic AI infrastructure buildout driving that demand shows no meaningful signs of slowing, and Nvidia continues to sit at the center of nearly every major deployment.
