Nvidia's AI Chip Boom Set to Extend Growth Amid Supply Constraints

Nvidia Corporation delivered $96 billion in Q2 revenue, with supply constraints still limiting fiscal 2028 growth to approximately 70%.

The company estimates that Vera Rubin, its next-generation AI chip, will reach roughly 20% of Q3 Data Center revenue, making deployment execution the next critical catalyst for NVDA stock.

Nvidia also notes that the revenue opportunity per gigawatt rises from $18 billion with Hopper to approximately $40 billion with Vera Rubin.

With a current price of $211, NVDA stock trades near 14 times fiscal 2028 EPS, but an analyst's base case implies approximately 27% upside.