Nvidia has set the release date of its earnings for Q3 of fiscal year 2026 as November 19. The company’s results will, to some degree, reflect the state of the AI industry as a whole, as Nvidia is at the center of it.
The extent of Nvidia’s dominance in the AI space can be measured by its secured orders, and Jensen Huang stated that the company has already secured half a trillion dollars in orders for its AI chips over the next five quarters, according to The Financial Times.
The company recently held its GTC conference in Washington, D.C., where it revealed many AI-related developments. However, new projects continue to be launched at an unprecedented pace.
Nvidia (NVDA) and Deutsche Telekom are building a €1 billion ($1.2 billion) data center in Germany, which is set to be operational in early 2026, according to a report by Bloomberg.
The companies describe the project as the Industrial AI Cloud, a sovereign, enterprise-grade platform. The new platform combines Deutsche Telekom’s infrastructure and operations with Nvidia AI and Omniverse digital twin platforms.
Nvidia founder and CEO Jensen Huang said:
According to the company, this isn’t just a cloud. Nvidia sees it as a new kind of factory, producing digital intelligence to power Germany’s industries.
“In the future, in industry 4.0, with AI, every company that’s a manufacturing company will have two factories, the factory for the car, and the factory for the AI that drives the car,” Huang said.
The platform is based on Nvidia hardware, including DGX B200 systems and RTX PRO Servers. The software stack includes Nvidia AI Enterprise and Nvidia Omniverse, which are integrated into Deutsche Telekom’s cloud and network ecosystem, coupled with SAP’s Business Technology Platform.
Bank of America analyst Vivek Arya and his team recently raised their NVDA price target.
The team said they think Nvidia can continue to maintain its strong mid-70s gross margins, based on the strength of its products, and because it has strong co-design and volume support from multiple memory suppliers.
In a research note shared with TheStreet, Arya reiterated a buy rating and raised the target price from $235 to $275, based on 44 multiple his estimate for price-to-earnings ratio excluding cash for calendar year 2026, which is within Nvidia’s historical forward-year price-to-earnings range of 25 to 56.
He concluded by saying that the multiple is “justified by [Nvidia] ‘s leading share in fast-growing AI compute/networking markets, offset by lumpiness in global AI projects, cyclical gaming market, and concerns around access to power.”
Source link
