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Benzinga
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Nvidia projected $1T+ in revenue from two chip families through 2027 — above analyst estimates of $965B — with Jensen Huang calling it a floor that excludes newer offerings like Groq. Despite strong fundamentals, shares are down 2%+ YTD and now trade below the S&P 500's forward P/E for the first time in over a decade as investors question AI spending sustainability.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:02NVIDIA projected that two of its chip families could generate $1 trillion in revenue over the
00:08three-year period ending in 2027, according to the Wall Street Journal. Jensen Huang said the
00:13forecast is a floor and excludes newer offerings like the Grok chip announced at GTC. Analysts
00:18had expected about $965 billion in total data center revenue over that period. Shares have
00:24remained flat since the conference and is down more than 2% this year. The company now trades
00:29at a projected earnings multiple below the S&P 500 for the first time in more than a decade,
00:35even as its results and outlook continue to rise. Investors are questioning the sustainability of
00:40AI, spending, and future upside. Competition is increasing and inferencing, with rivals and
00:46customers developing alternatives. NVIDIA continues to expand platforms and invest heavily in supply
00:52capacity. For all things money, visit Benzinga.com.
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