Nvidia Stock Poised for 100% Upside as AI Demand Surges, Analyst Says

Nvidia Corp's stock could double in value as Wall Street underestimates the company's data center revenue potential, according to tech analyst Beth Kindig. The bullish outlook comes amid accelerating AI demand, highlighted by Broadcom's 63% AI revenue growth and $110 billion backlog in Q3.

Networking revenue has emerged as a key growth indicator for Nvidia, with current GPU systems requiring significantly more networking capability than previous generations. Kindig projects Nvidia will reach $75 billion in quarterly data center revenue by 2026 and $500 billion annually by 2028.

Broadcom's CEO extended his tenure until 2030 and raised Q4 guidance, with new hyperscale customers adding to AI accelerator orders. Nvidia shares showed resilience Thursday after nearly completing a six-session losing streak, though remain 7% below September peaks.