Fundstrat's Tom Lee Shares Bold Perspective on Nvidia Valuation
Yahoo Finance ·
Fundstrat's Tom Lee maintains a strongly bullish stance on Nvidia, arguing the AI chip titan remains inexpensive despite post-earnings rallies. On Friday, August 28, 2026, reports highlighted Nvidia's second-quarter results showing revenue surging 106% to $96.2 billion and adjusted earnings per share climbing 111% to $2.22. Data Center revenue reached $89 billion, up 117%. Following the strong report and upbeat long-term outlook, shares jumped 8.7% on Thursday. Nvidia projected roughly $108 billion in third-quarter revenue and anticipates fiscal 2028 revenue growing about 70%. Lee emphasized that because profit and revenue estimates are outpacing the stock's valuation multiple expansion, the P/E ratio is actually contracting, creating a unique investment opportunity for a megacap enterprise delivering triple-digit growth.
AI 시장 분석
Fundstrat analyst Tom Lee assessed that despite triple-digit growth, Nvidia's valuation multiple has compressed, making it still inexpensive. Q2 revenue surged 106% to $96.2 billion, and data center revenue increased 117%, proving the sustainability of AI infrastructure investments. Investors should closely monitor fiscal year 2028 revenue forecasts and margin trends.
상승 영향
- AI — Nvidia's Q2 revenue surging 106% and projected 70% growth for 2028 reconfirms AI infrastructure investment demand, acting as a positive catalyst for the broader sector.
- Semiconductors — Data center revenue increased 117% to $8.9 billion, and earnings growing faster than the stock price highlight valuation appeal.
하락 영향
- Semiconductors — The Q2 gross margin reaching 75% is facing pressure from soaring memory costs and supply constraints, raising concerns about a slowdown in profitability.
DYAX 전담 분석
Nvidia's Q2 revenue jumped 106% year-over-year to $96.2 billion and earnings per share surged 111%, driving the stock up by 8.7%. An unusual phase is unfolding where earnings growth outpaces the stock price rise, actually compressing the price-to-earnings (P/E) ratio.
The future bull scenario involves achieving the FY2028 revenue 70% growth guidance despite supply constraints, leading to new all-time highs. Conversely, the bear scenario involves margin pressure from rising memory costs and supply shortages along with a slowdown in AI spending, requiring close monitoring of data center revenue and gross margin metrics.
AI가 생성한 분석으로 투자 자문이 아닙니다.
DYAX Investor Sentiment
Bullish (Long) 45% · Bearish (Short) 55%
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