Nvidia: It's All About SpaceX Now

Uttam Dey 7.45K Followers Follow Summary Nvidia Corporation is undervalued ahead of Q2 FY27 earnings, with market anxiety overblown and consensus estimates overly conservative. The exclusive SpaceX partnership, targeting a 10 GW data center buildout, could drive $120–230B in incremental Nvidia revenue, unpriced in current forecasts. Nvidia trades at ~24x FY27 earnings with a PEG ratio of 0.5, offering attractive entry points relative to its hypergrowth profile. Clarity on capital allocation and shareholder returns is a key near-term catalyst, with management expected to address this during the Q2 call. Win McNamee/Getty Images News Investment Thesis Nvidia Corporation ( NVDA ) is set to report Q2 FY '27 earnings this week, but markets have never been this anxious about the GPU platform company’s earnings. Recent strategic initiatives by Nvidia—including an expanded corporate venture portfolio, the introduction of This article was written by Uttam Dey 7.45K Followers Follow Uttam is a growth-oriented investment analyst whose equity research primarily focuses on the technology sector. Semiconductors, Artificial Intelligence and Cloud software are some of the key sectors that are regularly researched and published by him. His research also focuses on other areas such as MedTech, Defense Tech, and Renewable Energy. In addition, Uttam also authors The Pragmatic Optimist Newsletter along with his wife, Amrita Roy, who is also an author on the newsletter as well as on this platform. Their newsletter gets regularly cited by leading publications such as the Wall Street Journal, Forbes, etc. Prior to publishing his research, Uttam worked in Silicon Valley, leading teams for some of the largest technology firms in the world, including Apple and Google. Analyst’s Disclosure: I/we have a beneficial long position in the shares of AMD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.