Nvidia Projects Massive Growth Despite 2026 Stock Volatility
Nvidia expects revenue to surge to $411.6 billion by fiscal 2027, driven by new Vera Rubin chips and a trillion-dollar hyperscaler backlog.
Stock for Nvidia Inc. has faced significant volatility and a year-to-date decline in 2026. This downturn followed negative publicity surrounding an internal email from CEO Jensen Huang and investor anxiety regarding how high interest rates might impact artificial intelligence capital expenditures.
Despite recent price swings, the company anticipates strong growth through 2027. This expansion is supported by the deployment of Vera Rubin chip systems, which are projected to generate $40 billion in revenue per gigawatt. Management suggests that fiscal 2028 revenue could grow by 70% even if the company faces supply constraints.
Market demand remains high, with Bloomberg Intelligence identifying a combined backlog of $2.35 trillion among major hyperscalers, including Amazon, Alphabet, Microsoft, and Oracle. Analysts project a 90% revenue increase to $411.6 billion for fiscal 2027. While the 12-month median price target from 73 analysts is $318, some projections suggest the stock could reach $398 by the end of fiscal 2028.
