NVIDIA announced Q2 revenue of $81.6 billion, up 85% year-over-year, and its B200 systems are sold out, yet the stock is still down 28% from its 52-week high.
NVIDIA reported second-quarter revenue of $81.615 billion, an 85.23% year-over-year increase, with all its B200 systems completely sold out. Despite the strong performance, the company's stock is currently trading at $211.94, down approximately 28% from its 52-week high of $236.26. CEO Jensen Huang stated that the construction of AI factories is accelerating at an astonishing pace. Analysts have a consensus price target of $302.83, believing NVIDIA's stock could reach $300 by 2027, which would require a 41.5% increase in its share price.
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