Price Prediction: Nvidia Stock Could Be Worth This Much by 2030

Nvidia posted its largest quarter in semiconductor history, with Data Center revenue up 117%, while trading at only 23 times forward earnings near its 52-week high. The company's zero China Data Center revenue guidance and spiking memory costs explain why its triple-digit revenue growth hasn't triggered euphoric gains in the stock.

Analysts have named Nvidia as one of the top 10 stocks to buy right now, with a range of price targets from $309.81 to $600. Reaching $600 per share by 2030 would require a significant 160.5% gain, implying a forward P/E of 60x on current earnings power. However, the company is making progress towards this goal, with projected hyperscaler capex of $1.3 trillion in 2027 and a top-five hyperscaler capex spend.

Nvidia's strong margins and growing revenue could help drive EPS growth in the future, but there are risks, such as supply constraints and a potential China escalation that could hinder growth. Overall, while it may be a stretch, reaching $600 per share by 2030 is a credible possibility with the right catalysts in place.