By Keithen Drury
Publication Date: 2026-04-28 17:32:00
Nvidia (NVDA 2.29%) stock has been enjoying a solid few weeks after being relatively dormant for about six months. However, I think there’s a catalyst on the horizon that could send it skyrocketing. On May 20, the company will announce its fiscal 2027 first-quarter results. These reports have become a spectator event for shareholders and non-shareholders alike.
The leading GPU designer is one of my highest-conviction stocks, and I think it will deliver results that blow away expectations.
Image source: Getty Images.
Management is guiding for monster growth
In conjunction with its fiscal Q4 results, management guided for 77% revenue growth during the current fiscal quarter. Regardless of whether a company is a $1 billion small cap or a $5 trillion behemoth, that would be an impressive growth rate. Considering Nvidia’s size, this level of growth is unheard of, and it showcases the demand for its cutting-edge data center processors. Demand for artificial intelligence (AI) computing has never been higher, and it appears that it’s only going to continue rising.
NVDA Revenue (Quarterly YoY Growth) data by YCharts.
There are a host of estimates for what AI infrastructure spending will look like over the next few years, but all of them trend in the same direction: upward. Nvidia management believes global data center capital expenditures will reach $3 trillion to $4 trillion by 2030. The consultants at McKinsey & Company estimate that cumulative data center spending…