Nvidia (NASDAQ:NVDA) shares have climbed about 70% over the past 12 months and are up more than 10x over the past five years, driven by outstanding revenue growth and high profitability as AI infrastructure spending continues to accelerate.
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Forget margin or options. Here's how the pros trade NVDAEPS increased 60% in fiscal 2026 and is forecasted to rise another 71% in 2027, supported by sustained high margins and ongoing revenue momentum despite the company’s scale. Yet, for all that strength, the stock hasn’t broken higher this year, instead moving sideways as investors weigh how much of that growth is already reflected in the price.
However, one top investor, known by the pseudonym Millennial Dividends (MD), believes that this hesitation creates an opening rather than a warning sign.
“If you ask me, this is a deep value territory given the quality of the firm, the innovative edge and the size of the opportunity,” says MD, who is among the top 3% of stock experts covered by TipRanks.
While Nvidia has taken giant strides over the past few years, the growth trajectory still looks strong. In 2025, the 4 major hyperscalers collectively spent about $415 billion on AI infrastructure, and in 2026, that figure is expected to rise to as much as $630 billion. This reflects just a subset of total industry investment, while Nvidia estimates overall AI infrastructure spending could reach $3–4 trillion by 2030. For MD, that scale leaves little room for doubt – this remains “a massive opportunity.”
Although multiple players will benefit from this surge in spending, Nvidia remains the primary beneficiary given its leadership in AI chips, including Blackwell and its upcoming Vera Rubin architecture. Vera Rubin is projected to deliver roughly 3.5x higher performance than Blackwell for large language model training and about 5x improvement in inference workloads.
“This is a significant step-up in tech parameters,” notes MD. “As we’ve seen with previous generations, each new one comes at a significantly higher price, but AI leaders aren’t derailed by that as they expect to deploy the cutting edge technology.”
From a market share perspective, Nvidia still dominates, with estimates generally in the 85–90% range (depending on the dataset). Competitors like AMD, with its MI300–350 chips, as well as cloud providers such as Google and Amazon developing in-house silicon, have yet to materially erode Nvidia’s position despite its premium pricing.
This suggests to MD that Nvidia remains “at the forefront of innovation.” Even hyperscalers building custom chips to lower costs and reduce dependence still appear to adopt Nvidia’s latest architectures early, including the upcoming Vera Rubin generation.
All the above, then, point to further success for the chip giant. To this end, MD assigns Nvidia stock a Strong Buy. (To watch Millennial Dividends’ track record, click here)
“AI-related CapEx is booming and is projected to increase in 2026 and in the subsequent year, Nvidia will be the main beneficiary of the infrastructure spending and the release of Vera Rubin later this year will likely drive [the] next leg of growth and stock appreciation,” MD summed up.
That is also the conclusion reached by the Street’s analysts. Based on a mix of 41 Buys and 1 Hold and Sell, each, NVDA stock receives a Strong Buy consensus rating. At $273.57, the average price target points toward one-year returns of 44.5%. (See NVDA stock forecast)
Disclaimer: The opinions expressed in this article are solely those of the featured investor. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.