Apple Vision Pro to support Nvidia GeForce NOW cloud gaming service
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 07 2025
0mins
Should l Buy NVDA?
Nvidia's Cloud Gaming Support: Nvidia announced that its GeForce NOW cloud gaming service will be supported by Apple's Vision Pro mixed reality headset, as well as other devices like Meta's Quest 3 and Pico's virtual reality devices.
Market Reaction: Following the announcement, Nvidia shares fell by 3% in early trading, while Apple experienced a slight decline.
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Analyst Views on NVDA
Wall Street analysts forecast NVDA stock price to rise
41 Analyst Rating
39 Buy
1 Hold
1 Sell
Strong Buy
Current: 220.780
Low
200.00
Averages
264.97
High
352.00
Current: 220.780
Low
200.00
Averages
264.97
High
352.00
About NVDA
NVIDIA Corporation is an artificial intelligence (AI) infrastructure company. The Company is engaged in accelerated computing to help solve the challenging computational problems. Its segments include Compute & Networking and Graphics. The Compute & Networking segment includes its Data Center accelerated computing and networking platforms and AI solutions and software, and automotive platforms and autonomous and electric vehicle solutions, including software. The Graphics segment includes GeForce GPUs for gaming and personal computers (PCs), and Quadro/NVIDIA RTX GPUs for enterprise workstation graphics. Its technology stack includes the foundational NVIDIA CUDA development platform that runs on all NVIDIA GPUs, as well as hundreds of domain-specific software libraries, frameworks, algorithms, software development kits (SDKs), and application programming interfaces (APIs). Its platforms address four markets, which include Data Center, Gaming, Professional Visualization, and Automotive.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Nvidia's Q1 Revenue Expected to Exceed Estimates by $1.4B
- Revenue Surge Expected: According to Citi, Nvidia's Q1 FY2027 revenue is projected to reach $80B, exceeding the consensus estimate of $78.6B by $1.4B, driven by a robust ramp of the B300 product line.
- Continued Growth Trend: The company anticipates an 11% quarter-over-quarter sales increase in Q2 FY2027, reaching $89B, primarily due to the ongoing ramp of B300 and faster-than-expected shipments of 1.6 trillion transceivers, solidifying its market position.
- Strong GPU Demand: Nvidia has only missed consensus estimates by more than $1B three times in the past 12 quarters, with CEO Jensen Huang describing the demand for their GPUs as “insane,” highlighting the company's strong appeal in high-performance computing.
- Sales Forecast Revision: Citi has raised Nvidia's FY2027 sales forecast to $284B, reflecting a 79% year-over-year increase, with AI GPUs expected to account for 70% to 80% of total data center sales, showcasing the company's strategic advantage in AI and data processing.
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Nvidia's Dominance in AI Market Continues to Strengthen
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- Future Revenue Expectations: Nvidia anticipates first-quarter revenue of $78 billion for fiscal Q4 2026, with total revenue expected to reach $922 billion over the next seven quarters, indicating strong growth potential and market confidence.
- Stock Price Forecast: Should Nvidia achieve $621 billion in revenue by 2027, its stock price could surge by 252% to $640, resulting in a market cap of approximately $15.5 trillion, reflecting optimistic market expectations for its future performance.
- Accelerated Innovation Cycle: By shortening its GPU update cycle to 12-18 months compared to competitors' 3-5 years, Nvidia's rapid innovation capability will help maintain its lead in the AI sector, further boosting investor confidence.
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- Rising Demand for AI Accelerators: Within the $1.7 trillion market, approximately $1.2 trillion is expected to come from AI accelerators, up from a previous forecast of $1 trillion, reflecting increased shipments of custom application-specific integrated circuits like Google's TPUs and Amazon's Trainium chips.
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- Small Caps Surge: Smaller Chinese firms like Dreamland Limited, Oriental Culture, and Antelope Enterprise experienced significant stock increases ranging from 25% to 67%, indicating strong investor interest and confidence in these companies.
- Summit Significance: The meeting between Trump and Xi marks their first encounter since 2017, with discussions expected to cover critical topics such as trade, policies, and national security, potentially providing clarity for global markets on future business conditions.
- Market Expectations: Investors on social media express optimism about the summit's outcomes, anticipating potential new tech deals between the U.S. and China, particularly involving Alibaba and Nvidia, which could attract significant market attention.
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- Revenue Surge Expected: According to Citi, Nvidia's Q1 FY2027 revenue is projected to reach $80B, exceeding the consensus estimate of $78.6B by $1.4B, driven by a robust ramp of the B300 product line.
- Continued Growth Trend: The company anticipates an 11% quarter-over-quarter sales increase in Q2 FY2027, reaching $89B, primarily due to the ongoing ramp of B300 and faster-than-expected shipments of 1.6 trillion transceivers, solidifying its market position.
- Strong GPU Demand: Nvidia has only missed consensus estimates by more than $1B three times in the past 12 quarters, with CEO Jensen Huang describing the demand for their GPUs as “insane,” highlighting the company's strong appeal in high-performance computing.
- Sales Forecast Revision: Citi has raised Nvidia's FY2027 sales forecast to $284B, reflecting a 79% year-over-year increase, with AI GPUs expected to account for 70% to 80% of total data center sales, showcasing the company's strategic advantage in AI and data processing.
See More
Nvidia's Dominance in AI Market Continues to Strengthen
- Market Share Advantage: Nvidia holds a 92% share of the GPU data center market, and with global AI infrastructure spending projected to reach $7 trillion by 2030, this will further solidify its market leadership and drive sustained growth for the company.
- Future Revenue Expectations: Nvidia anticipates first-quarter revenue of $78 billion for fiscal Q4 2026, with total revenue expected to reach $922 billion over the next seven quarters, indicating strong growth potential and market confidence.
- Stock Price Forecast: Should Nvidia achieve $621 billion in revenue by 2027, its stock price could surge by 252% to $640, resulting in a market cap of approximately $15.5 trillion, reflecting optimistic market expectations for its future performance.
- Accelerated Innovation Cycle: By shortening its GPU update cycle to 12-18 months compared to competitors' 3-5 years, Nvidia's rapid innovation capability will help maintain its lead in the AI sector, further boosting investor confidence.
See More
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- Optimistic AI Market Outlook: Bank of America projects that by 2030, the total addressable market for AI data center systems will reach $1.7 trillion, indicating robust demand for the semiconductor sector, particularly driven by capital expenditures from hyperscalers like Microsoft and Amazon.
- Rising Demand for AI Accelerators: Within the $1.7 trillion market, approximately $1.2 trillion is expected to come from AI accelerators, up from a previous forecast of $1 trillion, reflecting increased shipments of custom application-specific integrated circuits like Google's TPUs and Amazon's Trainium chips.
- Growth in Data Center CPUs and Networking: The market for data center CPUs is projected to reach around $110 billion, significantly up from a prior estimate of $80 billion, while the AI networking market is expected to grow to approximately $316 billion, highlighting ongoing demand for efficient computing and networking solutions.
- Price Target Increases: Bank of America has raised its price targets for Nvidia, AMD, Marvell, and Micron, with Nvidia increasing from $300 to $320, AMD from $450 to $500, Marvell from $125 to $200, and Micron from $500 to $950, reflecting strong growth expectations for these companies.
See More
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- Market Recovery: Major Chinese companies including Alibaba, PDD, NetEase, and JD.com saw stock gains between 3% and 7% on Wednesday, reflecting market optimism ahead of the upcoming Trump-Xi summit.
- Small Caps Surge: Smaller Chinese firms like Dreamland Limited, Oriental Culture, and Antelope Enterprise experienced significant stock increases ranging from 25% to 67%, indicating strong investor interest and confidence in these companies.
- Summit Significance: The meeting between Trump and Xi marks their first encounter since 2017, with discussions expected to cover critical topics such as trade, policies, and national security, potentially providing clarity for global markets on future business conditions.
- Market Expectations: Investors on social media express optimism about the summit's outcomes, anticipating potential new tech deals between the U.S. and China, particularly involving Alibaba and Nvidia, which could attract significant market attention.
See More
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- IPO Price Range Increase: Cerebras plans to raise its IPO price range to between $150 and $160 per share, significantly up from the initial $115 to $125; if priced at the top, it could raise nearly $4.8 billion, valuing the company at $48.8 billion, making it the largest tech IPO of 2026.
- Acquisition Attempt Rejected: Ahead of the IPO, SoftBank's attempt to acquire Cerebras was rebuffed, highlighting Cerebras' strong position in the AI chip market, especially as partnerships with OpenAI and Amazon Web Services have propelled its valuation from $8 billion just seven months ago.
- Strong Financial Performance: Cerebras reported revenue of $270.3 million for the first nine months of 2025, a significant increase from $75.2 million in the same period last year, despite a net loss of $56.4 million, indicating growth potential amid surging demand for AI infrastructure.
- Optimistic Market Sentiment: Retail sentiment on Stocktwits is described as “extremely bullish,” with high message volumes reflecting strong market interest in Cerebras' competitive edge in computing and inference technologies.
See More
Marvell Technology Shares Surge Back to Record Highs
- Price Surge: Marvell Technology shares rose 7.4% on Wednesday, returning to record highs, reflecting strong market confidence in its future growth, particularly in the increasing demand within the AI data center sector.
- AMD Investment: AMD disclosed it owns 65,516 shares of Marvell worth approximately $11.6 million, a move that not only strengthens the relationship between the two companies but may also signal a deeper partnership in the future, enhancing Marvell's market position.
- Target Price Increase: Bank of America raised its target price for Marvell from $125 to $200, indicating growing demand for its AI networking solutions and showcasing analysts' strong bullish sentiment towards the stock.
- Market Valuation Analysis: Despite a 126% increase in Marvell's stock price since early March, with a current P/E ratio of 46, analysts suggest the stock may be technically overbought, advising investors to wait for a better buying opportunity.
See More
