Nvidia’s March sprint
Nvidia closed at $175.64 on March 23 after reporting revenue of $68.13B—up 73% year-over-year—and EPS of $1.62, beating estimates, as analysts pushed price targets into the $300s (Rosenblatt $325, Raymond James $323). The company flagged a massive cloud deal—~1 million AI chips to AWS by 2027—and faces headwinds from insider sales (Ajay Puri 300k shares; Colette Kress 42,650) plus a reported $17B U.S. tax issue and regulatory scrutiny. (youtube.com) (youtube.com)
Nvidia told Reuters that the AWS order covers a “broad mix” of products — not just GPUs — and that deliveries will start this year and run through the end of 2027, with Nvidia executives saying AWS will also take networking gear and lower‑power inference chips. (uk.finance.yahoo.com) Nvidia reiterated at GTC that the AWS timetable aligns with CEO Jensen Huang’s projection that the Rubin and Blackwell families could create roughly $1 trillion of cumulative demand through 2027, a figure the company cited repeatedly in its keynote and investor materials. (money.usnews.com) Wall Street’s post‑earnings reaction has been broad: the analyst consensus price target sits in the mid‑$200s while the street high is in the $300s–$360 range, and Benzinga’s tracker shows a consensus target around $273.68 based on dozens of recent notes. (benzinga.com) Nvidia insiders disclosed large open‑market Form 4 sales this month — EVP Ajay Puri’s March 10 sale was reported under a pre‑arranged 10b5‑1 plan and CFO Colette Kress reported a March 20 sale of 42,650 shares at about $174.89 — filings and alerts show the trades and remaining holdings. (stocktitan.net) (marketbeat.com) New tax disclosures and reporting have highlighted roughly $17 billion tied to Nvidia’s China/Hong Kong revenue or related U.S. tax positions, a figure cited in coverage of the company’s recent global tax filings and by outlets summarizing the Wall Street Journal’s reporting on the disclosures. (msn.com) (investing.com) Federal law‑enforcement and regulatory moves have added pressure: prosecutors in recent indictments allege Supermicro insiders diverted billions of dollars in Nvidia‑powered servers to China (with prosecutors citing about $2.5 billion in sales and at least $510 million diverted), and separate congressional letters and press reports show senators asking regulators to review Nvidia’s large Groq licensing deal for potential antitrust concerns. (cnbc.com) (bloomberg.com)
