Nvidia stock forecast 2028 equity models tying P/E growth to

Equity models tying P/E growth to innovation cycles feed into a bullish "Nvidia stock forecast 2028" scenario. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. As of July 2025, Nvidia is trading above the $160 level, up more than 25% year-to-date. The company holds a market capitalization of more than $4 trillion, with a trailing P/E ratio around 55.96. The figure is elevated by market standards, but it is lower than its recent historical average, which hovered closer to 68. GDP-weighted global tech spend forecasts imply a 10% annual sector expansion, directly aligning with Nvidia’s growth trajectory, reinforcing traders’ optimism around the "Nvidia stock forecast 2028".