Nvidia's Path to $7 Trillion Market Cap Already Laid Out
Nvidia's market value stands at around $5.45 trillion as of this writing, leaving a gap of approximately $1.55 trillion to reach the next big round number: $7 trillion.
The data suggests that Nvidia would need to add almost the entire market value of Broadcom, another chip and infrastructure software business, to its own worth to hit $7 trillion.
Nvidia's own outlook calls for revenue to climb around 70% in fiscal 2028, limited by how many chips it can supply. The company's growth seems nearly routine based on its latest results: revenue in the fiscal 2027 second quarter came to $96.2 billion, up 106% over a year earlier.
Nvidia CEO Jensen Huang said 'Now, compute is revenue' in the company's second-quarter earnings release, while CFO Colette Kress said Nvidia expects revenue to rise roughly 70% in fiscal 2028, the year ending in January 2028. She called it 'a supply-constrained outlook', meaning the limit is manufacturing capacity, not customer demand.
The stock could get there without any increase in its price-to-earnings multiple: hold that multiple of expected earnings flat, and shares hit $290 when expectations for fiscal 2029 are around 28% over fiscal 2028's. The valuation multiple, however, is something Nvidia doesn't control.