Comment on Nvidia could mint $300 billion in AI revenues by 2027, 10 times the expected takings this year, analyst says

Nvidia could mint $300 billion in AI revenues by 2027, 10 times the expected takings this year, analyst says

Jensen Huang, CEO of Nvidia, has seen his net worth double alongside a surge in the company's share price, thanks to the AI boom.Rick Wilking/Reuters Mizuho analyst Vijay Rakesh said Nvidia's share price has another 20% upside to run on the AI boom. He added the chipmaker could generate $300 billion in AI-specific revenue by 2027. The stock has already doubled so far this year and is trading around $446 apiece. Chipmaker Nvidia's having a great year with its stock price doubling amid the artificial intelligence, or AI hype — and it could get even better.Mizuho analyst Vijay Rakesh has given Nvidia's stock price another 20% upside to run — and even this new target of $530 is "conservative," according to a Sunday client note seen by Insider.

 

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