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NVIDIA Stock: 55% Gain by 2029?
29 Oct
Summary
- NVIDIA stock could surge 55.3% to $334.58 by 2029.
- Data center sales dominate NVIDIA's revenue, driven by Blackwell.
- New Vera Rubin platform may be NVIDIA's fastest product ramp.
NVIDIA's stock is on track for a potential 55.3% increase, reaching approximately $334.58 per share by three years from now, as of October 30, 2026. This projected growth translates to an annual return of about 15.8% before dividends.
The company's revenue forecast relies heavily on its data center segment, which generated $89 billion in fiscal Q2 2027. Sustained demand for its Blackwell platform from major cloud providers is a key driver. Management anticipates its latest data center platform, Vera Rubin, which began production shipments in August 2026, will become NVIDIA's fastest product ramp.
NVIDIA's management expects growth to exceed Trefis's scenario, guiding for fiscal Q3 2027 revenue between $105.4 billion and $108.6 billion. Preliminary fiscal 2028 expectations indicate approximately 70% growth. Despite rising memory prices, gross margins are expected to bottom in fiscal Q4 2027 before price increases take effect.
