Together AI Pursues $1B Funding Round Amid Rapid Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 05 2026
0mins
Should l Buy NVDA?
Source: seekingalpha
- Funding Target: Together AI is pursuing a $1 billion funding round aimed at supporting its infrastructure expansion to accommodate a rapidly growing AI ecosystem, with the company currently valued at $7.5 billion.
- Revenue Growth: Since its founding in 2022, Together AI has achieved an annualized revenue of approximately $1 billion, nearly tripling in less than a year, showcasing its strong performance in the AI cloud market.
- Infrastructure Expansion: The company has secured 200 MW of power capacity and is deploying optimized clusters of NVIDIA Blackwell GPUs across multiple North American data centers to enhance its service capabilities, further solidifying its position as a leading AI cloud provider.
- Partnerships: A new partnership with Hypertecto will co-build a cluster of 36,000 NVIDIA GB200 NVL72 GPUs, further enhancing Together AI's competitive edge and ensuring its leadership in the rapidly evolving AI sector.
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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: 175.750
Low
200.00
Averages
264.97
High
352.00
Current: 175.750
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.
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- Strong GPU Sales: In Q4 of fiscal 2026, Nvidia reported sales of $68.1 billion, a 73% year-over-year increase, with the data center segment contributing $62.3 billion, up 75%, showcasing the company's sustained competitiveness in a high-demand market.
- New Product Launch: At the GTC conference, Nvidia unveiled NemoClaw, designed to provide AI agents for OpenClaw, demonstrating the company's innovative capabilities in agentic AI, which could further drive its market share growth.
- Market Capitalization Changes: Despite Nvidia's stock being down 15% from its all-time high, resulting in a market cap loss of approximately $1 trillion, CEO Jensen Huang emphasized that AI will be a crucial growth driver for the company, potentially prompting investors to reassess its investment value.
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- Market Competitive Advantage: Nvidia dominates the data center GPU and high-speed networking equipment markets, with its CUDA software platform becoming the industry standard for AI application development, ensuring its continued leadership in rapidly growing cloud and enterprise workloads.
- Future Growth Expectations: Nvidia is expected to see revenue accelerate again in the current quarter, particularly with the upcoming launch of its Rubin GPU, which will deliver 10 times more performance per watt, further solidifying its market position and driving future revenue growth.
- Optimistic Analyst Price Targets: According to Wall Street consensus, Nvidia's target price is set at $276 per share, representing a 55% upside from the current price of $177, reflecting market confidence in its long-term growth potential.
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See More
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- Revenue Surge Expected: Nvidia projects its AI revenue to reach $1 trillion by 2027, a significant increase from the $500 billion expected this year, indicating strong growth potential in the AI market that may attract more investor interest.
- Strong GPU Sales: In Q4 of fiscal 2026, Nvidia reported sales of $68.1 billion, a 73% year-over-year increase, with the data center segment contributing $62.3 billion, up 75%, showcasing the company's sustained competitiveness in a high-demand market.
- New Product Launch: At the GTC conference, Nvidia unveiled NemoClaw, designed to provide AI agents for OpenClaw, demonstrating the company's innovative capabilities in agentic AI, which could further drive its market share growth.
- Market Capitalization Changes: Despite Nvidia's stock being down 15% from its all-time high, resulting in a market cap loss of approximately $1 trillion, CEO Jensen Huang emphasized that AI will be a crucial growth driver for the company, potentially prompting investors to reassess its investment value.
See More
Nvidia Anticipates Massive Growth in Data Center Spending
- Data Center Spending Forecast: Nvidia anticipates that global data center capital expenditures will reach $3 trillion to $4 trillion by 2030, indicating strong demand for AI technology and significant market potential that could drive substantial revenue growth for the company.
- Capital Expenditure Trends: By 2026, the big four hyperscalers are expected to spend $650 billion, excluding expenditures from China and other major AI players, highlighting the increasing reliance on Nvidia's products in the market.
- Industry Growth Rate: Nvidia projects a 48% compound annual growth rate (CAGR) for the industry, and if this rate continues through 2030, the company's revenue could reach $1.53 trillion, significantly surpassing the $216 billion generated in the past 12 months, showcasing its potential market leadership.
- Investor Confidence: While Nvidia is considered a top stock pick, it was not included in the Motley Fool's current list of best investment stocks, reflecting differing market perceptions about its future performance, prompting investors to carefully assess risks and opportunities.
See More
Analyst Recommends Selling Nvidia and Buying Broadcom
- Rating Change: Jay Goldberg from Seaport Research has a sell rating on Nvidia with a target price of $140, indicating a potential downside of 21%, reflecting concerns over Nvidia's circular investments and increasing competition.
- Competitive Landscape: Broadcom leads in high-speed networking chips and custom AI accelerators, with AI semiconductor sales surging 106% in Q1, indicating strong market demand and future growth potential.
- Financial Performance Comparison: Nvidia's adjusted earnings rose 82% in Q4, with Wall Street projecting a 53% annual growth rate over the next three years, showcasing its robust competitive position in the AI infrastructure market.
- Industry Outlook: While Broadcom's total revenue increased by 29% in Q1, its growth rate lags behind Nvidia due to legacy product drag, but future AI products are expected to drive accelerated revenue growth as they comprise a larger share of total sales.
See More
Nvidia's Price Target Raised to $265 Amid Strong Growth Prospects
- Price Target Increase: Wall Street analysts have set a median target price of $265 per share for Nvidia, indicating a 50% upside from its current price of $177, reflecting strong market optimism regarding its future growth.
- Strong Financial Performance: Nvidia reported a 73% year-over-year increase in sales for Q4 FY2026, reaching $68 billion, with a 2 percentage point expansion in gross margin and an 82% rise in non-GAAP earnings to $1.62 per share, underscoring its robust position in the AI infrastructure market.
- Significant Technical Advantages: Nvidia's vertically integrated full-stack computing platform combines CPUs, GPUs, and networking solutions to optimize system performance and reduce total cost of ownership, further solidifying its dominance in the data center GPU market.
- Future Growth Potential: Data center GPU spending is projected to grow at a rate of 35% annually, positioning Nvidia for over 30% annual revenue growth in the coming years, especially with the upcoming launch of the next-generation Rubin GPU, which will deliver ten times the performance per watt.
See More
Nvidia Stock Price Potential Analysis
- Strong Financial Performance: Nvidia reported a 73% year-over-year increase in sales for Q4 FY2026, reaching $68 billion, marking the second consecutive quarter of acceleration, indicating robust demand and profitability in the AI infrastructure market.
- Market Competitive Advantage: Nvidia dominates the data center GPU and high-speed networking equipment markets, with its CUDA software platform becoming the industry standard for AI application development, ensuring its continued leadership in rapidly growing cloud and enterprise workloads.
- Future Growth Expectations: Nvidia is expected to see revenue accelerate again in the current quarter, particularly with the upcoming launch of its Rubin GPU, which will deliver 10 times more performance per watt, further solidifying its market position and driving future revenue growth.
- Optimistic Analyst Price Targets: According to Wall Street consensus, Nvidia's target price is set at $276 per share, representing a 55% upside from the current price of $177, reflecting market confidence in its long-term growth potential.
See More
Analysts Favor Nvidia and Broadcom Stocks
- Nvidia Price Target Analysis: Most Wall Street analysts set Nvidia's target price at $265 per share, indicating a 50% upside from its current price of $177, reflecting strong market confidence in its AI infrastructure.
- Broadcom Investment Outlook: Broadcom's target price of $472.50 per share also implies a 50% upside, and it holds about 60% market share in custom AI accelerators, showcasing its competitive strength in AI infrastructure.
- Competition and Investment Risks: Analyst Jay Goldberg has a sell rating on Nvidia, arguing that its $27 billion cloud service agreements and $40 billion in customer investments could artificially inflate demand, increasing investment risks.
- Earnings Growth Expectations: Despite competitive pressures, Nvidia's adjusted earnings rose 82% in Q4, with expectations for a 53% annual growth rate in the coming years, demonstrating its robust performance in the market.
See More
