Nvidia Just Proved It Doesn't Need China Anymore

Nvidia provided fiscal 2028 guidance forecasting 70% revenue growth, significantly exceeding Wall Street's 44% expectations. The company demonstrated it can achieve substantial growth without relying on China, where it now generates less than 1% of data center revenue. With a forward P/E of 23 and PEG ratio of 0.6, Nvidia appears undervalued despite its accelerating growth trajectory.