By Vandita Jadeja
Publication Date: 2026-09-30 14:30:00
Nvidia just doubled its revenue while its stock barely moved, and Wall Street is split on what comes next. The math behind a $500 price target by 2031 is tighter than it looks, and one overlooked number changes everything.
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NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) just reported a quarter that most companies would need ten years to build. Revenue reached $96.22 billion, up 105.85% year over year. Data Center brought in $89.023 billion, and networking alone added $40.313 billion.
CEO Jensen Huang put it simply: “AI has reached its inflection point. It’s doing useful work. Its tokens are productive and profitable. Now, compute is revenue.”
Even so, the stock is up only 20.86% this year. Sales doubled and the stock trailed far behind. My question is simple: can NVIDIA reach $500 by 2031?
What’s Holding NVIDIA Back Right Now
Shares rose 2.52% over the past week and 5.67% over the past month. They still trade below the $236 52-week high. Bloomberg says the stock is flashing a warning sign as valuation falls. Barron’s reported a pullback after Huang suggested a drastic alternative to AI regulation. The earnings call points to real friction.
Memory prices are climbing faster than planned, and margins should bottom at 71% to 72% in Q4. Guidance includes no China data center compute revenue. Supply obligations have reached…
