Nvidia At $1 Trillion In Annual Sales? Raymond James Says It’s Possible By 2029
Raymond James says Nvidia could reach $1 trillion in annual sales by fiscal 2029 as AI demand stays strong and supply constraints ease.
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Johnson Controls Sees Data Centers Becoming One-Third Of Its Business
Johnson Controls reports Q3 adjusted EPS of $1.42 on $6.61B revenue, beating estimates and raising FY26 organic sales outlook.
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Citigroup Maintains Buy on NVIDIA, Raises Price Target to $315
Citigroup analyst Atif Malik maintains NVIDIA (NASDAQ:NVDA) with a Buy and raises the price target from $300 to $315.
Read original at benzingaNvidia's Supply Commitments More Than Doubled to $279 Billion. Here's What It Does to the Stock.
Nvidia doubled its supply commitments to $279 billion, primarily for memory procurement, to secure components for the next several years of AI demand. While gross margins will compress to 71-72% in Q4 fiscal 2028 as the company absorbs memory cost increases, management expects margins to recover to 72-73% in fiscal 2028 as price increases take effect. Despite near-term margin pressure, the company's strong revenue growth (89% YoY guidance) and reasonable valuation support a positive long-term outlook.
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Read original at benzinga