Overview
- Nvidia said reports that it was in talks to buy a PC maker were false, with a company spokesperson stating it is not involved in any such discussions.
- Foxconn reported 30% year-over-year revenue growth to $66.6 billion and a record March, citing strong orders for AI infrastructure tied to Nvidia’s ecosystem.
- Foxconn guided to both quarter-over-quarter and year-over-year growth in the second quarter and said it is building advanced systems using Nvidia’s GB300 NVL72 platform.
- Nvidia’s data center business remains the engine of its growth, with $62.3 billion of the $68.1 billion it posted in fiscal Q4 coming from data center sales.
- Analysts stay broadly bullish with a median 12‑month target implying about one‑third upside even as the stock has cooled this year, and Nvidia points to a roughly $1 trillion Blackwell–Vera Rubin orders pipeline through 2027.