Nvidia Holds at 25x Forward as 2027 Capex Nears $1 Trillion

As of early June 2026, Nvidia remains the consensus AI leader, trading near 25x forward earnings after delivering 85% YoY revenue growth. Coverage has broadened to power, cooling, foundry and optical suppliers as the largest hyperscalers lift 2026 infrastructure spending toward $750 billion. Management now projects data-center capex climbing to roughly $1 trillion in 2027 and $3–4 trillion annually by 2030, reinforcing multi-year growth forecasts and keeping Nvidia the top AI pick despite modest YTD share-price gains.