After spending years trading like a premium-priced AI leader, Nvidia may now be among the cheapest names in Piper Sandler's AI universe. NVIDIA Corporation (NASDAQ:NVDA) is trading at an attractive valuation according to Piper Sandler's forecast, with rapid AI growth backing its trajectory.
On September 9, Piper Sandler ***** yst David O'Connor initiated coverage on NVIDIA Corporation (NASDAQ:NVDA) with an Overweight rating and a price target of $300, implying roughly 34% upside.
The firm believes that the chipmaker is an outright AI compute leader controlling 80% of the market by value and an estimated 50% by units. Owing to its annual cadence of next-generation products, it has been able to continue to drive the industry forward.
Everyone knows and agrees that Nvidia has grown at an exponential pace. Its recent results offer evidence of operational strength as well. The company reported second-quarter fiscal 2027 revenue of $96.2 billion, up 106% year-over-year.
The chipmaker's data center revenue also surged 117% to $89 billion. GAAP gross margin was75%, while adjusted diluted earnings reached $2.22 per share. The figures highlight how Nvidia's robust demand is translating into profitability for the company.
#NVIDIA #corporation #trading #company
On September 9, Piper Sandler ***** yst David O'Connor initiated coverage on NVIDIA Corporation (NASDAQ:NVDA) with an Overweight rating and a price target of $300, implying roughly 34% upside.
The firm believes that the chipmaker is an outright AI compute leader controlling 80% of the market by value and an estimated 50% by units. Owing to its annual cadence of next-generation products, it has been able to continue to drive the industry forward.
Everyone knows and agrees that Nvidia has grown at an exponential pace. Its recent results offer evidence of operational strength as well. The company reported second-quarter fiscal 2027 revenue of $96.2 billion, up 106% year-over-year.
The chipmaker's data center revenue also surged 117% to $89 billion. GAAP gross margin was75%, while adjusted diluted earnings reached $2.22 per share. The figures highlight how Nvidia's robust demand is translating into profitability for the company.
#NVIDIA #corporation #trading #company
2 months ago
