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Nvidia’s next earnings may have the AI boom riding on them

Wells Fargo matched that 265target(from265 target (from 220) but went further on the long-term math. They now model 209billioninrevenueforFY26,209 billion in revenue for FY26, 301 billion for FY27, and nearly 383billionforFY28growthcurvesthatwouldhavebeendismissedasfantasyayearago.Theirlogicisthathyperscalershaventsloweddown,anduntiltheydo,Nvidiasnumbersarestilltoolow.Oppenheimerjustbumpeditspricetargetto383 billion for FY28 — growth curves that would have been dismissed as fantasy a year ago. Their logic is that hyperscalers haven’t slowed down, and until they do, Nvidia’s numbers are still too low.Oppenheimer just bumped its price target to 265 (from 225)andsketchedoutaquarterat225) and sketched out a quarter at 55 billion — the kind of glide path most compani ...