Analyst makes bullish Nvidia call, sees shares doubling and market value topping $10 trillion

Nvidia shares could double in less than a year and send the company’s market value beyond $10 trillion, according to technology-stock analyst Keithen Drury of The Motley Fool.

Drury says Nvidia’s stock is currently “very cheap” and urges investors to seize the opportunity. He acknowledges that forecasting a doubling for any stock in less than a year is bold, especially for the world’s largest company by market value. But he argues that the market still fails to reflect Nvidia’s underlying value.

His case rests first on Nvidia’s dominance in GPU computing. GPUs have become essential tools for artificial-intelligence companies, and although some technology giants are developing custom AI chips, those products generally target specific workloads. Nvidia’s GPUs have broader uses, making them difficult to replace on a large scale in the short term.

Drury also points to Nvidia’s early visibility into demand. Customers often place orders ahead of time so they can deploy chips as soon as data centers are completed. Nvidia estimates that capital spending by the world’s five largest AI hyperscale cloud operators will approach $800 billion in 2026 and rise to $1.3 trillion in 2027. The company expects revenue to grow by 70% in the next fiscal year, after repeatedly exceeding its own forecasts during the AI boom.

The analyst’s route to a $10.65 trillion valuation assumes Wall Street’s forecast of about $411 billion in fiscal 2027 revenue accelerates to $555 billion in trailing-12-month revenue by this time next year. A 64% profit margin would produce $355 billion in earnings. Applying a 30-times price-to-earnings ratio would generate a $10.65 trillion market value, roughly twice the current level. Drury says Nvidia’s current multiple of about 27.5 is too low, especially compared with Apple’s roughly 37 despite its slower growth.