Nvidia just posted $81.6 billion in quarterly revenue, an 85% jump from a year ago, and the stock still managed to dip in after-hours trading.
Bank of America raised its Nvidia price target from $320 to $350 on May 21, reaffirming a Buy rating and naming the chipmaker a top pick. With shares trading near $223 at the time, that target implies roughly 57% upside.
The numbers behind the AI machine
Nvidia’s fiscal Q1 2027 results, released May 20, were dominated by one segment: Data Center. That division alone generated $75.2 billion in revenue, a 92% increase year-over-year, accounting for more than 92% of total company revenue.
The company issued forward guidance of approximately $91 billion for the next quarter. Nvidia also authorized an $80 billion stock repurchase program alongside a higher dividend.
