By Alex Sirois
Publication Date: 2026-10-02 16:45:00
NVIDIA’s revenue more than doubled last quarter, analysts see 42% upside ahead, and the bear case still sits above today’s price. What stands between shareholders and those gains is a supply bottleneck that management admits will not clear for at…
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NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) trades at $230.86, and the two-year outlook is built on management’s own growth forecast, which is limited by supply. Shares sit just below their 52-week high of $236.0 after a quarter in which revenue more than doubled.
NVIDIA designs the GPUs, CPUs, networking gear and software that run most AI data centers. Last quarter, Data Center revenue hit $89.023 billion, up 117% year over year, out of total revenue of $96.221 billion. That beat consensus for the fifth consecutive quarter.
Supply Caps Growth at 70%, and Shares Trade at 15x Next Year’s Earnings
Management expects revenue to grow “approximately 70% in fiscal 2028”. It also said “customers’ forecasts point to our growth doubling next year.” Fiscal 2028 consensus EPS of $15.6826 puts the stock at roughly 15x forward earnings. That estimate has climbed from $12.6737 over 90 days, with 42 upward revisions and none down in the last month.
Vera Rubin raises NVIDIA’s revenue opportunity to $40 billion per gigawatt, versus $25 billion with Blackwell. On top of that, AWS is…
