Overview
- Nvidia’s latest quarterly report showed $68.1 billion in revenue with $62.3 billion from data-center hardware, highlighting how AI servers now dominate its business.
- Analysts and guidance point to very high near-term growth, yet shares trade at about 22.8 times forward earnings, close to the market average cited in the coverage.
- Big Tech has mapped out huge 2026 capital spending for AI infrastructure, with Amazon at $200 billion, Alphabet guiding up to $185 billion, and Meta up to $135 billion.
- Industry reporting notes that combined capex commitments from major platforms could reach up to $700 billion this year, a large share of which funds data centers that buy accelerators like Nvidia’s GPUs.
- Nvidia’s current Hopper and Blackwell chips anchor leading AI systems, and coverage says the company is rolling out the next Rubin generation this year with higher performance and efficiency.