Piper Sandler Names Nvidia Top Data Center Pick for 2026 Amid AI Boom
Piper Sandler has reaffirmed its bullish stance on Nvidia, maintaining a Buy rating and $225 price target while anointing the chipmaker as its top data center investment for 2026. Analyst Harsh Kumar highlights Nvidia's unassailable position in AI infrastructure, underscored by 65% revenue growth over the past year.
The Vera Rubin rack-scale computing platform enters production in late 2026, coinciding with Wall Street's projection of 50% revenue growth for fiscal 2027. At 24.5x forward earnings, Nvidia trades at a premium justified by its technology moat, ecosystem partnerships, and CUDA software dominance—a trifecta keeping competitors at bay as AI compute demand escalates exponentially.