"In Q4 FY26, Nvidia posted revenue of $68.13 billion, up about 73% year over year, with Data Center revenue of $62.31 billion, up 75%. Networking revenue alone rose 263% year over year to $10.98 billion."
"Ives does not believe we are at peak AI capex spending. His channel checks for Q1 are strong, and deal activity is actually accelerating despite the macro volatility."
"Ives flagged Microsoft, Salesforce, and ServiceNow as the highest quality software names in the market, trading at nearly a 40% discount."
Nvidia's stock is currently at $177.39, down 5% year to date, but analyst Dan Ives predicts a 30-40% upside. Nvidia reported Q4 FY26 revenue of $68.13 billion, a 73% increase year over year, with Data Center revenue rising 75%. Q1 FY27 guidance is approximately $78 billion. Ives believes AI capex spending is not at its peak and noted strong deal activity. He also highlighted Microsoft, Salesforce, and ServiceNow as quality software stocks trading at a significant discount.
Read at 24/7 Wall St.
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