Nvidia sets $1 trillion revenue goal
Summary
- Nvidia CEO Jen-Hsun Huang projects at least $1 trillion cumulative revenue through 2027, doubling the October forecast.
- Stock initially rose 4% but reversed, losing $150 billion in market cap within minutes as enthusiasm faded.
- Wall Street estimates were already close to $1 trillion, so the update barely moved the needle.
- Mizuho's Jordan Klein criticizes GTC as potentially overhyped, comparing it to Apple's iPhone events.
- JP Morgan highlights Nvidia's integrated platform as too difficult for competitors to replicate.
- Demand is broadening beyond hyperscalers to sovereign AI, enterprises, and industrial customers, suggesting a durable cycle.
- Huang's comments on memory optimization directly benefit suppliers like SK Hynix, Micron, and Sandisk.
- Morgan Stanley's Joe Moore sees the sell-off as an attractive entry point, keeping Nvidia as top pick in semis.
- Analyst Stacy Rasgon, previously skeptical, is now bullish and doesn't think the stock can get much cheaper.
- Disconnect between bullish analyst community and general market, which sees limited upside due to Nvidia's massive size.
- Investors may find more upside in the supply chain rather than Nvidia itself.
- The market needs to believe in the 2027 growth number for the stock to outperform.
Trade Ideas
Kristina stated that Nvidia CEO Jen-Hsun Huang's comment on memory optimization is a direct call out to memory suppliers like SK Hynix, Micron, and Sandisk, with Sandisk climbing higher on signals of accelerating demand. Nvidia's technology drives demand for high-bandwidth and low-power memory in data centers, benefiting these suppliers. Watch these memory companies as key beneficiaries of Nvidia's growth and increasing demand, despite current supply tightness. Supply constraints may persist, or competitive pressures could erode margins.
Kristina reported that Morgan Stanley's Joe Moore calls the recent sell-off an attractive entry point and keeps NVIDIA as his top pick in semiconductors. Moore believes the market will eventually get more comfortable with the 2027 growth number, and when it does, the stock will outperform. Long NVIDIA as the sell-off presents an opportunity for future outperformance based on strong analyst conviction. The market may not become comfortable with the growth projections, limiting upside.
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This CNBC video, published March 17, 2026, features Kristina Partsinevelos discussing 000660.KS, MU, NVDA. 2 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Kristina Partsinevelos · Tickers: 000660.KS, MU, NVDA