NVIDIA Corporation ($NVDA) has been trading at a price-to-earnings multiple of approximately 25 for the past eight months, with analysts projecting earnings per share (EPS) of around $6 for the calendar year 2026. This valuation suggests that the stock price may be capped at approximately $150. Analysts indicate that about 90% of NVIDIA's value is linked to earnings expected after 2030, making long-term growth projections critical for determining the stock's valuation. Current consensus estimates show incremental revenue growth of $70 billion for fiscal year 2026, followed by $40 billion in fiscal year 2027 and $39 billion in fiscal year 2028, while a decline of $3 billion is anticipated for fiscal year 2029. The estimates for fiscal year 2030 indicate a potential revenue increase of $33 billion, suggesting that understanding the company's performance in the years leading up to 2030 is essential for investors.