Nvidia Stock Price Hits $211.94 as Data Center Business Accelerates

Nvidia's stock price has dropped to $211.94, but the company's fundamentals are accelerating, making it an attractive investment opportunity.

The data center business is driving Nvidia's growth, with revenue up 92% year over year in Q1 FY2027, reaching $75.25 billion.

Nvidia designs the GPUs, networking fabric, and software stack powering every frontier AI model in production, and its products are being adopted by hyperscalers, sovereign customers, and AI native clouds.

The stock trades at a trailing P/E of 32 and a forward P/E of 23, despite revenue growth of 85.23% year over year and net income growth of 210.63%.