What Will Be Nvidia’s Stock Price in 2029? - Yahoo Finance

NVIDIA stands at the heart of the AI revolution, with its stock price closely tied to expectations of future growth. Despite a 92% YoY increase in data center revenue to $7.525 billion in Q1 FY27, the... Read original →

NVIDIA’s stock underperformance despite soaring data center revenue reflects market skepticism over AI capex sustainability. Technologically, its GPU dominance is forcing co-evolution across interconnects, advanced packaging (e.g., TSMC’s CoWoS), and liquid cooling—now critical bottlenecks. U.S. export controls on AI chips to China temporarily shield margins but accelerate domestic alternatives like Huawei Ascend and Cambricon, threatening ~30% of long-term TAM. Competitors are circling: AMD’s MI300X gains Azure traction, while Intel’s Gaudi3 enters Meta’s training stack, yet neither matches CUDA’s software moat. Over the next 18 months, NVIDIA can justify a $400/share valuation only if hyperscalers sustain >40% YoY AI capex growth and China-restricted SKUs (e.g., H20) hold ≥15% of data center revenue. Failure risks multiple compression despite leadership.