Nvidia Stock Value: Supply Constraints or Demand Limitations?

Nvidia's revenue skyrocketed 106% year-over-year to $96.2 billion in the fiscal second quarter, its fourth consecutive quarter of accelerating growth.

The company's management is forecasting about 70% revenue growth in fiscal 2028 and attributes this to supply constraints rather than demand limitations.

Nvidia's shares trade at around 28 times earnings, but only about 14.5 times the forecasted earnings for fiscal 2028, which is roughly half of what they cost on last year's profits.

Analysts' estimates suggest that even with lower margins, Nvidia can still achieve significant growth, potentially making it a good investment opportunity at today's price.