Nvidia stock price forecast growing backlog orders in AI

Growing backlog orders in AI accelerator chips underpin the midterm "nvidia stock price forecast", with visibility stretching into Jabil reported a 15% increase in its non-GAAP (adjusted) earnings in the previous fiscal year to $9.75 per share. Management forecasted a 13% jump in the current fiscal year to $11.00 per share. Given that Jabil is likely to see faster growth in its top line going forward, it is easy to see why analysts forecast a pickup in its bottom-line growth as well. 345 N Reid Place, Suite 620, Sioux Falls, SD 57103 [email protected] (844) 978-6257 Leveraging AI workloads in automotive and robotics widens "nvidia stock price forecast" potential beyond traditional gaming GPU markets, diversifying revenue bases.