NVIDIA Corporation (NASDAQ:NVDA) is one of the High Growth Semiconductor Stocks to Buy. On March 19, Reuters reported that NVIDIA Corporation (NASDAQ:NVDA) has entered a deal with Amazon Web Services to supply 1 million GPUs along with additional products through 2027. ​The report noted that earlier both companies had notified about the agreement, but didn’t disclose the timing of the order. However, Nvidia VP Ian Buck told Reuters that the deal is expected to start this year and will continue through 202 ...

Core Insights - Nvidia Corp. reported a strong third-quarter earnings, with revenue of $57.01 billion, exceeding Wall Street's expectation of $54.88 billion, and earnings per share (EPS) of $1.30, surpassing the forecast of $1.25, reflecting a 60.5% year-over-year increase [1][2] Financial Performance - Gross margin was reported at 73.6%, with operating income reaching $37.75 billion, resulting in an operating margin of 66.2%, both figures among the highest in the S&P 500 [2] - The Data Center segment was a significant growth driver, with revenue soaring to $51.2 billion, a 56% increase from the previous year, and exceeding estimates by over $1.5 billion [3][4] Future Outlook - Nvidia's management indicated potential upside to its previous $500 billion Data Center revenue outlook for 2025-2026, driven by strong AI demand [3][4] - For the fourth quarter, Nvidia guided revenue to $65 billion, surpassing Goldman Sachs' estimate of $63.2 billion and the Street's estimate of $62.4 billion, with gross margin guidance set at 75% [5] Valuation and Price Target - Goldman Sachs raised its 12-month price target for Nvidia from $240 to $250, reflecting increased confidence in the company's earnings power and margin resilience, expecting a 30x forward earnings multiple on a revised EPS forecast of $8.25 [6] - In a bullish scenario, Nvidia could achieve an EPS of $9.50 with a 35x multiple, leading to a price target of $333, indicating nearly 70% upside [7] - In a bearish scenario, projected EPS of $5.80 with a 25x multiple would result in a price target of $145, representing a potential 26.3% downside [8]