Ray Dalio made NVDA a top Bridgewater AI holding, and 24/7 Wall St. rates it BUY with a $271 target implying 21% upside. NVDA's Data Center revenue surged 92% YoY to $75 billion, with Q2 guided to $91 billion as Vera Rubin promises 35x inference gains. AMD trades at a P/E of 194 with just 13% net margins, while Broadcom's AI semiconductor revenue is growing over 200% YoY.
The most widely read finance newsletter on Substack isn't published by a bank, it's Doomberg, where 383,000+ readers get the energy and macro analysis the mainstream press misses. 24/7 Wall St. readers save 17% on their first year here. Bridgewater Associates founder Ray Dalio has made NVIDIA (NASDAQ:NVDA) one of the largest AI positions in his firm's disclosed book. The question for retail investors is whether the world's most valuable chipmaker still has room to run after a 20%+ move year to date.
My 24/7 Wall St. price target for NVIDIA is $271.46, implying 20.56% upside from $225.16. The recommendation is buy with 90% confidence. NVIDIA is up 20.87% YTD and 23.86% over the past year, yet shares trade roughly 5% off the 52-week high of $236.26.
The May Q1 FY2027 earnings showed revenue of $81.615 billion beating estimates by 3.16%, non-GAAP EPS of $1.87 beating by 5.42%, and Data Center revenue jumping 92% YoY to $75.246 billion. Management guided Q2 revenue to $91 billion ± 2% with non-GAAP gross margin at 75%. The bull case reaches $315.38, a 40.07% total return.
Three catalysts support it. First, Vera Rubin production ships in Q3 2026 with claimed 35x higher inference throughput versus Blackwell. Second, the Vera CPU opens a $200 billion TAM NVIDIA has never addressed.
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