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Commentary
The big investment news last week was Nvidia’s developer conference, which is already helping to boost storage companies like Micron Technology (MU) and Seagate Technology (STX), as well as companies speeding up optical connections, like Ciena Corporation (CIEN) and Ubiquiti (UI).
Nvidia Founder and CEO Jensen Huang said he expects at least $1 trillion in demand for its Blackwell and Rubin AI systems through 2027, up from about $500 billion in projected demand through 2026. In other words, Nvidia will be averaging over 100% annual sales growth. For this quarter, the analyst community is forecasting $78.7 billion in sales (+79%) and 119% annual earnings growth of $1.77 per share. In the past month, 31 analysts have revised their earnings estimates higher for Nvidia, and I am expecting more upward revisions after Huang’s strong 2027 guidance. Nvidia looks very strong now….
The big investment news last week was Nvidia’s developer conference, which is already helping to boost storage companies like Micron Technology (MU) and Seagate Technology (STX), as well as companies speeding up optical connections, like Ciena Corporation (CIEN) and Ubiquiti (UI).
Nvidia Founder and CEO Jensen Huang said he expects at least $1 trillion in demand for its Blackwell and Rubin AI systems through 2027, up from about $500 billion in projected demand through 2026. In other words, Nvidia will be averaging over 100% annual sales growth. For this quarter, the analyst community is forecasting $78.7 billion in sales (+79%) and 119% annual earnings growth of $1.77 per share. In the past month, 31 analysts have revised their earnings estimates higher for Nvidia, and I am expecting more upward revisions after Huang’s strong 2027 guidance. Nvidia looks very strong now….
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