摩根大通发表研报指，英伟达于分析师会议上透露，截至2027年的Blackwell及Vera Rubin采购订单及需求超过1万亿美元，但有关数字仅是下限水平，因当中并不包括Groq LPU机架、独立Vera CPU、储存系统及Rubin Ultra，上述各项均代表不同程度的增量收入来源。英伟达目标通过股份回购及股息，将约50%的自由现金流用于资本回报，较2026财年约42%的水平有所提升，意味着2026及2027年合计超过2000亿美元。 此外，该行提及英伟达管理层有力地捍卫毛利的可持续性，将竞争优势重新定义为围绕工厂级别的代币经济学，而非芯片级别的定价，并驳斥更便宜芯片的论点是对其业务的根本误解；管理层指出，数据中心收入中约一半已由从CPU工作负载转向加速运算的结构性转变所驱动，此乃独立于人工智能训练及推理周期的结构性需求驱动因素，且仍有显著增长空间。 该行认为，一年前未考虑到的英伟达多个增量收入来源，为其当前的市场预期提供可观的上行空间，且公司竞争性不断扩大，该行重申对其“增持”评级，目标价为265美元。
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