Nvidia Stock Won't Be Overvalued by 2028: My Case for Buying NVDA Today

The author argues that Nvidia is richly valued but not overpriced, with valuation multiples below historical averages despite strong AI-driven growth. With $250B+ in revenue and 90% from data center/AI accelerators, analysts project revenue reaching $550B+ by 2028. If management delivers expected growth, today's price could appear reasonable by 2028, though risks include slowing AI demand, rising competition, custom chips, and margin pressure.