Prediction: Nvidia Stock Will Double After This Historic $150 Billion Move

Nvidia (NVDA) just authorized $150 billion in additional share repurchases, lifting its total buyback authorization to $235 billion through fiscal 2028. The size of the program is the headline for traders weighing whether the stock still has room to run.

The bullish case from The Motley Fool rests on valuation. NVDA trades at a 29x trailing P/E, below the Nasdaq average of 39x, even after earnings grew 120% year over year. The piece reads the buyback as a signal that management views the shares as undervalued. That is interpretation, not confirmed intent, but a $235 billion authorization is a large capital commitment to back it.

Growth expectations drive the upside math. The article cites expected revenue growth of 70% in fiscal 2028. Applying a 25x earnings multiple to projected EPS of $21.06 yields a $526 target by the end of fiscal 2029, which implies 132% upside from current levels.

Note the multiple compression built into that target: 25x sits below today's 29x trailing P/E, so the call depends on earnings growth, not multiple expansion. If EPS lands near $21.06, the math works even with a lower multiple. If growth falls short of the 70% revenue expectation, the target loses its foundation.