Nvidia (NASDAQ: NVDA) is projected to achieve a share price of $350 by January 2028, representing a 71% increase within the next 18 months. This growth is fueled by significant demand for its flagship data center chip platforms, Grace Blackwell and its upcoming successor, Vera Rubin. For fiscal year 2028, Nvidia’s sales are expected to exceed $555.5 billion, nearly doubling its current sales, driven by strong investment in AI technology.
In the first quarter of fiscal year 2027, Nvidia reported a remarkable 85% year-over-year sales growth, totaling $253.5 billion in revenue over the last 12 months. Analysts predict earnings of $12.79 per share for fiscal year 2028, which is nearly double the current earnings of $6.53 per share, leading to a valuation around 27 times projected earnings. The company’s growth remains contingent on the continued investment from hyperscalers in AI infrastructure.
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