NVIDIA Corporation (NVDA)
Published 2026-03-16 • by tmtbreakout
Thesis Summary
NVIDIA's GTC event reinforced a bullish demand outlook, with projected data center revenues nearing $1T by 2025-2027. Management maintains a balanced strategy on interconnect technology, utilizing both copper and optical scaling solutions.
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Detailed Deep Dive
NVDA’s GTC turned out to be a bit of a nothing burger all things considered — Jensen sounded bullish as usual on demand backdrop. Here is main chart investors focused on which says $1T+ for ‘25-27:
Street Data Center revs about $968B so seems fine and I don’t think there’s too much to read into it one way or the other even though buyside is already north of $1T.
In the optical vs. copper debate, optical names as Jensen didn’t spend as much time on CPO as bulls wanted and sounded relatively balanced saying:
> “There’s a lot of conversation about, is NVIDIA going to copper scale-up or optical scale-up?"
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> "We’re going to do both.
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> Is copper going to still be important? The answer is yes. Are you going to scale up optical? Yes. Are you going to scale out optical…