Over the past few years, artificial intelligence has turned data center stocks into some of the market’s biggest winners. The race to build more computing power has only gotten bigger, and Nvidia (NVDA) has been at the center of it all, thanks to its dominant position in AI chips. The company recently projected that its Blackwell and Rubin GPU platforms could generate as much as $1 trillion in data center revenue, which shows the enormous demand coming from hyperscale cloud providers and enterprise customers.
Now, one major Wall Street firm thinks Nvidia’s growth story may still be flying under the radar. In a new note, Wells Fargo said Nvidia’s $1 trillion data center revenue forecast could actually turn out to be conservative, with the firm seeing even more upside ahead for 2026 and 2027.
