At NVIDIA’s recent GTC event, CEO Jensen Huang projected the company’s revenue could double to $1 trillion by 2027, driven by its new Vera Rubin architecture and a licensing deal with Groq. The event featured updates including a Level 4 autonomous taxi fleet with Uber and new GPU reveals. Following the announcements, multiple Wall Street firms reiterated bullish outlooks, with Bernstein maintaining a $300 price target. Analysts noted that revenue from chip sales and networking could exceed $1 trillion, excluding other potential sources like Groq LPU systems.
NVIDIA’s CEO Jensen Huang stated the firm’s revenue is likely to double to $1 trillion by 2027. This projection is driven by mass-market adoption of the Vera Rubin architecture and a new licensing deal with Groq. Analysts at Bernstein kept their Buy rating and $300 price target, saying NVIDIA’s technology advantage continues to widen.
The company announced a fleet of Level 4 autonomous vehicles coming to Los Angeles and San Francisco in 2027 as part of a partnership with Uber. These self-driving efforts, powered by NVIDIA chips, are seen as solid future revenue sources. Alongside new GPU reveals, these developments bolstered price forecasts for NVDA stock.
Top firms including Cantor Fitzgerald, Wedbush, and JPMorgan reiterated bullish outlooks as of Tuesday, March 17. Bernstein analyst Stacy Rasgon noted NVIDIA CFO Colette Kress confirmed 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. Analysts also noted integrating the Groq 3 LPU with the Vera Rubin stack creates an “unbelievably favorable” risk-reward profile. Some predict earnings per share could reach $15 by 2027.
