Nvidia's shares have climbed 1,000% over the past five years, driven by its role as a critical supplier of AI hardware and its more than 80% share of the data center chip market. CFO Colette Kress estimated that combined capital expenditures by major hyperscalers will total nearly $800 billion in 2026. Revenue in the fiscal second quarter (ended July 26) reached $96.2 billion, up 106% year over year, while net income rose 126%. Analysts expect revenue to grow at a 61% compound annual rate and diluted EPS to rise 65% a year between fiscal 2026 and 2029. With a $5.5 trillion market cap and a forward P/E of 25, 27% above the S&P 500, the article argues the key question is how durable the AI boom will be.
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