Nvidia's $1T target for data center revenue may wind up being conservative: Wells Fargo

What: Wells Fargo analysts believe Nvidia's $1T target for data center revenue may be conservative.
Why: The analysts point to strong demand for AI and cloud computing, as well as Nvidia's growing market share.
Signal: Nvidia's data center revenue has consistently grown at a rate of **40%** YoY, indicating a strong trend.
Target: Wells Fargo analysts expect Nvidia to reach a data center revenue of **$1.5T** by the end of the decade.
Risk: The analysts note that supply chain disruptions and competition from other chipmakers could pose a risk to Nvidia's data center revenue growth.