Nvidia Projected for 70% Revenue Growth by Fiscal 2028
Nvidia is positioned as a top October investment based on projected 70% revenue growth driven by the upcoming Rubin chip generation.
Nvidia Inc. is positioned as a top investment for October 2026 due to a perceived pricing mismatch between its current stock value and projected growth. Company management expects a 70% revenue growth rate for fiscal year 2028, which covers the majority of 2027.
This growth is expected to be driven by the launch of the Rubin generation of chips. These new chips offer more advanced capabilities and a higher price point than previous iterations.
The stock currently trades at 24.6 times forward earnings, which is below its historical average of 40 times. If the projected 70% growth is factored into earnings calculations, the stock trades at 14.6 times next year's earnings, suggesting significant upside potential if the company meets or exceeds analyst expectations.
