Nvidia (NVDA) will release its first-quarter fiscal 2027 financial results on Wednesday, May 20. Despite dominating the artificial intelligence (AI) boom, Nvidia stock is trading surprisingly cheap, and its valuation multiple fails to reflect the company’s solid growth trajectory driven by AI infrastructure spending.
Nvidia continues to benefit from a massive surge in demand for its advanced graphics processing units (GPUs), as hyperscalers and enterprises race to expand AI computing capacity. That demand wave appears far from over.