Equity models tying P/E growth to innovation cycles feed into a bullish "Nvidia stock forecast 2028" scenario. Navitas Semiconductor's narrative projects $129.8 million revenue and $18.3 million earnings by 2028. This requires 23.9% yearly revenue growth and a $142.8 million increase in earnings from current earnings of -$124.5 million. Growth is beginning to slow across several key metrics, including EPS, net income and free cash flow, all of which are now expanding at a slower pace than their 3-year averages. Some valuation indicators like PEG, EV/Sales and EV/EBITDA remain elevated versus industry peers. Nvidia's dividend yield is minimal, and recent dividend growth has stalled. The bear case is built on decelerating financials and lingering concerns that the stock is priced for perfection. Analysts warn that regulatory changes on tech exports could cap upside, yet scenario models still place mid-range "Nvidia stock forecast 2028" above $1,000 in base cases.
