$NVDA could rise nearly 58% to $350 and STILL trade at roughly 16.4x estimated FY2029 earnings. That’s the valuation math I keep coming back to. At $221.97, using the earnings estimates I’m looking at, NVIDIA trades at: • 23.9x FY2027 earnings • 14.0x FY2028 earnings • 10.4x FY2029 earnings FY2029 is predominantly calendar 2028 for NVIDIA. These are different earnings periods, and that distinction matters. But look at what those estimates imply: roughly 130% cumulative EPS growth over the next two fiscal years. More than doubling earnings. At today’s price, you’re paying approximately 10 times that projected earnings power. At $350, you’re paying approximately 16 times. I don’t think $350 sounds nearly as outrageous when you work through the denominator. And my bullish case is tha
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