NVDA shares rally as Q1 Data Center revenue jumps 92% to $75.246 billion, offsetting China headwinds and fueling $300 target debate.
Nvidia’s market capitalization reclaimed the $5 trillion threshold after Q1 FY27 Data Center revenue surged 92% year-over-year to $75.246 billion. The company guided Q2 revenue to $91 billion, driven by AI infrastructure demand and 199% growth in Networking revenue.
China’s absence as a revenue contributor marked a stark contrast to the $4.6 billion generated a year earlier, posing the largest obstacle to NVDA’s $300 share price target. Supply commitments now total $119 billion, raising execution risks amid volatile capex expectations.
Shares rose 14.05% year-to-date to $212.45 but remain 27% below recent highs. Analysts see 41% upside, though models suggest lower potential, with 61 covering analysts rating the stock a Buy or Strong Buy.