Overview
- Nvidia posted record quarterly revenue of $68.1 billion, including $62.3 billion from data centers, and guided to roughly $78 billion for the current quarter.
- Wedbush’s Matt Bryson raised his Nvidia price target to $300 and Tigress Financial’s Ivan Feinseth lifted his target to $360, citing sustained hyperscaler demand and platform strength.
- Broadcom said it has line of sight to more than $100 billion in AI chip revenue in 2027 and detailed large custom‑chip commitments, including gigawatt‑scale TPU shipments for Anthropic and plans to ship OpenAI’s first chip in 2027.
- Industry estimates point to roughly $600–$700 billion in 2026 AI infrastructure capex from major cloud and tech firms, supporting multi‑year demand for accelerators, systems, networking and memory.
- Nvidia disclosed a $5 billion investment in Intel that includes planned technology cooperation, with investors also eyeing potential product updates at GTC on March 16–19.