To achieve a $300 share price by the end of the year, NVIDIA Corporation (NVDA) simply needs to appreciate half as much as its underlying earnings.
Here’s the bottom line: The stock trades around $219. So, to hit $300, it only needs to climb about 37%. That’s comfortably less than half of that 88.7% earnings growth.
Here’s more detail on the earnings trajectory.
In Nvidia’s first quarter of fiscal year 2027, reported on May 20, 2026, NVIDIA achieved 85% year-over-year revenue growth. Earnings grew 140% year over year. The company also guided for even higher revenue growth in the second quarter.
Nvidia will announce results for its second quarter of fiscal year 2027 on August 26.
Related: Louis Navellier unveils five A-rated stocks for August
Second-quarter revenue is expected to jump 96.5% year-over-year to $91.85 billion. Earnings are forecast to surge 98.1% year-over-year to $2.08 per share. Analysts have also revised earnings estimates slightly higher over the past three months, so another quarterly earnings surprise is likely.
Is Nvidia a bargain buy?
For fiscal year 2027, NVIDIA’s revenue is expected to grow 82.4% year-over-year to $393.85 billion. Earnings are forecast to increase 88.7% year-over-year to $9 per share.
Now, NVIDIA currently has a price-to-earnings (P/E) ratio of 34. Applying that same P/E to expected earnings gets us there ($9 x 34 = $306.)
So, I still stand by my prediction. And I still expect NVDA to trade up to $500 per share by the end of the decade.
My stock grading system rates NVIDIA as a C.
For more information about my stock grading system, click here.
Other strong AI plays apart from Nvidia
Here are three top AI stocks based on our analysis. These stocks are not only backed by superior fundamentals and positive analyst revisions, but also by persistent institutional buying pressure.
Also read: Cathie Wood buys $22.3 million of surging semiconductor stock
Ciena Corporation: Rating ‘A’
Ciena Corporation (CIEN) builds the highways data travels on.
As AI drives explosive growth in data traffic, copper wires can’t keep up – so Ciena moves that data on light instead, helping its customers keep pace with the AI economy.
In the wake of Ciena’s better-than-expected second-quarter results, analysts have revised third-quarter earnings estimates 9% higher in the past two months. Third-quarter earnings are now forecast to increase 156.7% year-over-year to $1.72 per share, while revenue is expected to grow 33.9% year-over-year to $1.63 billion.
My stock grading system rates Ciena as an A.
Micron Technology, Inc.: Rating ‘A’
Micron Technology, Inc. (MU) offers advanced memory and storage technologies built for the efficiency, reliability and performance AI workloads demand.
For its third quarter in fiscal year 2026, Micron Technology achieved total revenue of $41.46 billion and earnings of $28.86 billion, or $25.11 per share. That represented 73.8% year-over-year revenue growth and 1,223.1% year-over-year earnings growth.
Fourth-quarter earnings are forecast to soar 934% year-over-year to $31.33 per share, and revenue is expected to jump 349.3% year-over-year to $50.84 billion.
My stock grading system rates Micron Technology as an A.
Seagate Technology Holdings plc: Rating ‘A’
Seagate Technology Holdings (STX) provides an essential component of the AI Revolution and data center boom: storage.
The company develops the best-of-the-best AI-capable hard drives. Seagate Technology reported that fourth-quarter revenue grew 48.5% year-over-year to $3.63 billion, while earnings soared 120.5% year-over-year to $5.71 per share. The consensus estimate called for earnings of $5.09 per share and revenue of $3.49 billion. The company also achieved 34% annual revenue growth and 92.3% year-over-year earnings growth in its fiscal year 2026.
My stock grading system rates Seagate Holdings as an A.