Nvidia's networking business could help push its value to $7.5 trillion

EarningsProduct / Tech Impact 4
โดย The Motley Fool·US·Read original
Summary · why it matters

Nvidia's data center networking revenue reached a record $14.8 billion in its fiscal 2027 first quarter, up 199% year over year, and the company's NVLink Fusion platform could let it supply networking for some custom AI processors. Networking revenue has climbed from $8.6 billion in fiscal 2024 to $13 billion in fiscal 2025 and $31.4 billion in fiscal 2026, and Nvidia captured 21.5% of data center Ethernet switching revenue in the first quarter of 2026, making it the market leader. Nvidia has expanded its partnership with Marvell Technology, under which Marvell will provide custom accelerators and networking hardware while Nvidia supplies NVLink interconnect, Spectrum-X switches, ConnectX adapters, and BlueField data processing units. Wall Street expects Nvidia's earnings to rise to about $12.90 per share in fiscal 2028 from about $9 per share in fiscal 2027, and if the stock keeps trading at roughly 24.1 times forward earnings, its market capitalization could approach $7.5 trillion, up from about $5.3 trillion today.

Impact on stocks 2

Artificial Intelligence▲ · 2 stocks
NVIDIA Corporation
NVDA
▲ PositiveDemandrelevance

Record networking revenue and NVLink Fusion platform expand Nvidia's supply for custom AI processors, driving growth.

Marvell Technology Group Ltd
MRVL
▲ PositiveDemandrelevance

Expanded partnership with Nvidia for custom accelerators and networking hardware boosts demand for Marvell's products.

Theme Impact 7

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