Analysts have raised Nvidia’s earnings expectations for the coming years, and a hypothetical scenario suggests that, at a 43x multiple, earnings of about $15.51 per share in fiscal 2029 could translate to roughly $667 per share.

Nvidia foresees continued growth from AI inference and agentic AI applications, supported by rising data-center compute demand and a goal to capture a large share of AI infrastructure spending which is expected to grow from $1 trillion in 2026 to $3-4 trillion by decade’s end.

Disclosures: The Motley Fool holds a positive position in Nvidia; the article is authored with standard disclosure statements.

Nvidia has reached a $5 trillion market capitalization as of October 2025, and analysts project it could hit $15 trillion within the next three years driven by AI infrastructure spending and earnings growth.

The Motley Fool Stock Advisor previously published a top-10 stock list, noting Nvidia was not on that list at the time, while highlighting the long-term performance of its stock recommendations.

The article emphasizes Nvidia’s potential leadership in the AI era and advises ongoing accumulation of Nvidia shares to capitalize on the next phase of AI computing growth amid rising competition in the AI chip market.

While GPUs remain central to Nvidia’s AI strategy, hyperscalers and AI firms are increasingly favoring custom chips for inference to reduce costs; Nvidia plans to stay relevant with next-generation Vera Rubin server racks that claim much higher throughput and AI factory revenue.

Nvidia is projected to remain a dominant player in AI chips with no slowdown in sight.

Nvidia’s fiscal Q1 2027 results showed strong growth, with revenue up 85% year over year to $81.6 billion and non-GAAP earnings of $1.87 per share, plus guidance of about $91 billion in revenue for the current quarter.

Data-center revenue reached $75.2 billion in fiscal Q1, contributing to an annual run rate of $300 billion, underscoring substantial growth as hyperscalers and cloud providers adopt Nvidia chips for inference workloads.

In fiscal Q1 2027, Nvidia reported an 85% year-over-year revenue increase to $81.6 billion and non-GAAP earnings of $1.87 per share, with guidance for approximately $91 billion in revenue for the current quarter.