Prediction: Nvidia Stock Hasn't Peaked. It Is Going to $500 by 2029
Investors may think Nvidia's best days on the stock market are behind it, but the AI pioneer's growth is far from over. The company is poised to corner a significant chunk of the lucrative AI chip market, with a $1 trillion in chip orders for its Blackwell and Vera Rubin …
Intelligence analysis by Llama
Nvidia's AI infrastructure boom is not ending anytime soon, and the company has been diversifying into new AI niches that should strengthen its growth over the long run. The math behind a $500 stock price suggests that Nvidia's stock price could reach $527 by 2029, making it a no-brainer buy.
Imagine you have a super powerful computer that can help you do your job much faster and with fewer mistakes. That's what Nvidia's AI chips do for companies, and they're in high demand. As more and more companies use these chips, Nvidia's stock price could go up to $500 by 2029.
Analysis
A $60B Vote of Confidence
Nvidia's AI infrastructure boom is not ending anytime soon, and the company has been diversifying into new AI niches that should strengthen its growth over the long run. The company is already anticipating $1 trillion in chip orders for its Blackwell and Vera Rubin systems in 2026 and 2027, which points to a major improvement over its $193.7 billion data center revenue in fiscal 2026.
Why Nvidia's Growth Will Continue
Nvidia's growth is driven by its 80% share of the AI chip market, and the company is poised to corner a significant chunk of the lucrative AI chip market. The investment bank Morgan Stanley estimates a cumulative $2.1 trillion outlay on AI capex between 2025 and 2027, and Nvidia is well-positioned to benefit from this trend.
The Math Behind a $500 Stock Price
Analysts are projecting an 88% increase in Nvidia's earnings per share to $8.99 in fiscal 2027, followed by robust double-digit growth over the next two fiscal years. However, this AI stock has the potential to jump significantly even if its earnings per share increase to $15.98 in fiscal 2029. A price-to-earnings ratio of 33 (in line with the Nasdaq-100 index) at that time suggests that Nvidia's stock price could reach $527, making it a no-brainer buy as it trades at an attractive 31.7 times earnings despite its outstanding growth potential.
Key points
- Nvidia's AI infrastructure boom is not ending anytime soon.
- The company has been diversifying into new AI niches that should strengthen its growth over the long run.
- Nvidia is poised to corner a significant chunk of the lucrative AI chip market.
- The company is already anticipating $1 trillion in chip orders for its Blackwell and Vera Rubin systems in 2026 and 2027.
- Analysts are projecting an 88% increase in Nvidia's earnings per share to $8.99 in fiscal 2027.
Nvidia's stock price could reach $527 by 2029, making it a promising investment opportunity for those following the stock market. The company's growth potential is significant, and its diversification into new AI niches should strengthen its growth over the long run.
Nvidia's growth is dependent on the demand for its AI chips, and a decline in demand could negatively impact the company's stock price. Additionally, the company's reliance on a single market (AI chips) makes it vulnerable to changes in that market.
Market signals
- XAU Escalation drives safe-haven demand for gold, per the article's framing of investor reaction.
AI-generated analysis of potential market relevance. Not financial advice.
