topstockalerts
Oct 1, 4:23 PM
Barclays highlighted a chart from Nvidia indicating at least
$30 billion of potential upside to the chipmaker’s revenue from the five largest cloud providers in 2026 and 2027. Analyst Tom O’Malley noted that Nvidia disclosed its share of IT capital spending among the five largest cloud service providers through Q2 2026, along with a 44% estimate for 2027.
Using Barclays’ assumption that cloud capex will reach about
$1.1 trillion in 2027, with 80% allocated to IT, O’Malley estimates Nvidia’s hyperscaler revenue at
$237 billion in 2026 and
$401 billion in 2027, versus Barclays’ current forecasts of
$206 billion and
$370 billion. Under a bull-case scenario based on historical ratios, revenue could reach
$246 billion and
$417 billion, respectively.
Barclays also noted that Nvidia’s hyperscaler revenue includes SpaceX, while the five largest cloud-provider figures do not, implying additional upside to the estimates.
$NVDA $BCS
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