Motley Fool columnist Adam Spatacco says Nvidia’s roughly $225 price implies a decade-low forward P/E of 14.3 on analysts’ $15.68 FY2028 EPS estimate. Assuming at least $26 in FY2030 EPS and a P/E of 22, he projects $572 a share, or $2,540 for $1,000 invested.
Nvidia shares were up about 20% in 2026 through Sept. 25, as investors weighed AI-hype fatigue, cloud companies’ ability to sustain capital spending and competition from AMD and Broadcom. Spatacco compares the current low multiple with the late-2018/early-2019 trough, before the generative-AI boom helped lift shares more than tenfold in three years.
Spatacco also cites Nvidia’s Vera Rubin platform, which the company says is in production and has every major hyperscaler among its early adopters, its $12.9 billion acquisition of Hugging Face, and partnerships in AI networking and custom chips. He points to applications in space, warehouse robotics and robotaxis, but says these newer areas generate no meaningful revenue yet; Nvidia’s data-center business is growing 117% year over year.
