NVIDIA’s GTC event provided several promising updates and bullish affirmations, including a target of $1 trillion in revenue. Indeed, CEO Jensen Huang said that the firm’s revenue is likely to double to $1 trillion by 2027. This upgrade is driven by the mass-market adoption of the Vera Rubin architecture and a new licensing deal with Groq. While Nvidia stock faced minor volatility during the event, the underlying data confirms that NVDA is no longer just a chipmaker, but the sole provider of the world’s “AI factories.”
NVIDIA’s updates coming out of the GTC event included launching an autonomous driving taxi with Uber powered by NVIDIA chips, as well as reveals of its new GPUs. A fleet of Level 4 autonomous vehicles will come to Los Angeles and San Francisco in 2027 as part of both companies’ broader self-driving efforts. These could prove solid revenue sources for Nvidia, which, as a result, has bolstered price forecasts for NVDA stock.
As of Tuesday, March 17, top firms including Cantor Fitzgerald, Bernstein, Wedbush, and JPMorgan have reiterated their bullish outlooks, with several maintaining price targets as high as $300. Analysts at Bernstein kept their Buy rating and $300 price target after saying that Nvidia’s roadmap remains strong and its technology advantage continues to widen.
Bernstein’s Stacy Rasgon says that while Nvidia CFO Colette Kress confirmed that the $1 trillion estimate only includes Blackwell and Rubin chips along with networking products, it does not include other potential revenue sources such as Groq LPUs, CPX systems, or CPU racks. Because of this, Rasgon believes Nvidia’s data center revenue could ultimately exceed the $1 trillion target and come in well above current market expectations.
Furthermore, analysts noted that integrating the Groq 3 LPU with the Vera Rubin stack creates an “unbelievably favorable” risk-reward profile, with some predicting that earnings per share could reach $15 by 2027. For investors watching the current $180 price, the consensus remains clear. The gap between Nvidia’s soaring fundamental value and its share price is a rare window of opportunity.