Nvidia Corporation is upgraded to Buy, with a $300 fair value, as Q2 results and guidance confirm a multi-year, supply-constrained AI platform buildout. NVDA's Q2 revenue hit $96.2B, data center $89B, and free cash flow $21.3B; management guides for ~70% fiscal 2028 revenue growth, still supply-limited. The AI landscape is converging on NVDA's platform, with hyperscaler CapEx/backlog, neocloud scaling, and memory scarcity reinforcing platform durability and pricing power.
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