By Roxanna Maglangit
Publication Date: 2026-10-26 18:16:00
Key Takeaways
Palo Alto Networks CEO Nikesh Arora says NVIDIA can’t supply chips for 2028, and Microsoft, Alphabet and Amazon report their capital spending plans next week.
NVIDIA’s growth through 2028 looks limited by how many chips it can make, so Wall Street’s revenue estimates look conservative.
Analysts expect revenue to rise 68% in the year ending January 2028. That’s in line with management’s guidance, which it says is limited by supply.
NVIDIA trades at 17x forward earnings, its lowest multiple in three years.
AI critic Ed Zitron thinks NVIDIA (NVDA:NASDAQ) is selling a shortage it made up.
“There’s not scarcity other than that which is created by Jensen Huang,” Zitron, CEO of public relations firm EZPR, told Yahoo Finance’s The 8:30 on Friday. He called it “channel stuffing”: pushing customers to buy now, before the chips run out.
Then a big buyer of AI computing power described what the market actually looks like.
On this week’s All-In podcast, Palo Alto Networks (PANW:NASDAQ) CEO Nikesh Arora said building his own AI data centers would be “kind of an empty threat.” Part of the reason:
“you talk to Jensen, he can’t give you chips for 2028.”
Channel stuffing usually looks a little…
