On Friday, Deepwater Asset Management’s managing partner Gene Munster said that investors are underestimating NVIDIA Corp.’s (NASDAQ:NVDA) long-term AI-driven growth as the chip giant heads into its earnings report.
AI Utility And Capex Surge Shape Nvidia Earnings Outlook
In a post on X, Munster said he expects revenue guidance for calendar 2026 to come in ahead of expectations but argued that “the real question is: what about 2027?”
“My take: Growth in CY27 will be closer to 40% vs. the Street at 28%,” he wrote.
He also shared a blog post in which Munster said that Wall Street currently models about 55% revenue growth for 2026 for Nvidia, up from earlier estimates near 50%.
Munster believes commentary from CEO Jensen Huang suggests growth could exceed 65%.
He pointed to two major developments: clearer real-world AI utility and a sharp rise in capital spending from hyperscalers such as Amazon.com, Inc. (NASDAQ:AMZN) and …