Quick Read – NVDA grew revenue 85% year over year to $82 billion but trades 28% below its 52-week high at just 25x forward earnings. – Doubling to $400 by 2031 hinges on EPS scaling from $8 to $14 over five years, with an $80 billion buyback shrinking the share count. – NVIDIA…
ASDAQ:NVDA) just posted the kind of quarter that makes bold price targets look reasonable. It delivered $81.615 billion in Q1 FY27 revenue, up 85.23% year over year, with Data Center Networking alone growing 199% YoY to $14.8 billion
Yet shares sit at just $203.53, up only 9.26% YTD. The question I want to answer: can this stock actually double to $400 by 2031? Let me walk through the math.
What’s Holding Nvidia Back Right Now Nvidia’s fundamentals are accelerating while the stock has stalled. Shares are down 0.81% over the past month and trade 28% below the 52-week high of $236.26. The Reddit crowd has fixated on competitive threats, from DeepSeek’s rumored in-house chip to Meta’s $145B infrastructure budget aimed partly at custom silicon.