Can NVIDIA Shares Hit $500 By 2030?

"NVIDIA shares sank on Friday afternoon to close the week trading at $177.82. NVIDIA is now down 4.65% in 2026 despite a wave of good news that includes massive hyperscaler spending plans and blowout earnings. With NVIDIA shares stuck in neutral, asking whether they could hit $500 per share by 2030 feels like an outlandish goal!"

"It might surprise you to hear Wall Street is dramatically underestimating NVIDIA this year. After all, Wall Street is already calling for earnings of $8.25 per share across the past year. That's growth of 73%! Yet, my estimate is NVIDIA will deliver $9 to $10 in EPS this year."

"Estimates for NVIDIA's earnings this year were $7.76 before they reported earnings and they're at $8.25 now. Expect that number to continue rising in the coming weeks as NVIDIA hosts its annual GTC conference and announces products that will lead to Wall Street modeling more growth for the company."

NVIDIA shares closed Friday at $177.82, down 4.65% year-to-date despite positive developments including massive hyperscaler spending and strong earnings reports. The company delivered $215.9 billion in revenue and $4.77 adjusted EPS over the past 12 months. Wall Street consensus estimates for 2030 exist but lack precision due to the extended timeframe. The analyst believes Wall Street is underestimating NVIDIA's current earnings potential, predicting $9-$10 EPS this fiscal year compared to consensus estimates of $8.25. Recent earnings results are already validating this higher estimate, with analyst expectations rising from $7.76 to $8.25 post-earnings. Upcoming GTC conference announcements are expected to drive further estimate revisions upward.

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