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TradingKey - On September 28, Eastern Time, Nvidia (NVDA) shares bucked the trend and gained amid broader pressure on technology stocks, driven primarily by its newly announced massive stock buyback plan. On September 28, Nvidia announced that its board of directors approved an additional $150 billion for its existing…
Nvidia just doubled its revenue while its stock barely moved, and Wall Street is split on what comes next. The math behind a $500 price target by 2031 is tighter than it looks, and one overlooked number changes everything.
Getting there would take around 12% a year. What needs to go right?