Nvidia shares climb as CEO Jensen Huang signals accelerating AI demand, projecting 70% revenue growth for fiscal 2028 and a doubling of chip sales by 2027, defying valuation concerns.
CEO Jensen Huang expects chip sales to double in 2027 and fiscal 2028 revenue growth of 70%, well above analyst expectations of 44%, reinforcing a bullish outlook.
Nvidia stock continues its upward momentum, rising 22% this year as CEO Jensen Huang projects chip sales to double by 2027. The company anticipates fiscal 2028 revenue growth of 70%, significantly outpacing analyst estimates of 44%. With a forward P/E ratio under 25 and profit margins exceeding 60%, Nvidia maintains a dominant market position despite its $5.5 trillion valuation.
Nvidia trades at a forward price-to-earnings multiple of less than 25, which is only a modest premium compared to the S&P 500 average of 20, given the company's exceptional growth rate and 60% profit margins.