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Jonah Lupton, investor and market commentator at Social Media / FinTwit, highlights that Raymond James has increased its NVDA price target to $515, implying a $12.4 trillion market capitalization. Lupton points out that this equates to approximately 30 times estimated FY2028 earnings per share, given his own projections. He suggests that such a multiple could be justified for NVDA if the company achieves 90 percent revenue growth and maintains 55 percent net income margins.
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Jonah Lupton previously identified NBIS as his sole long-term stock pick for the next three to five years following an earnings call and investment review, as reported in an earlier article. He also highlighted the rebound of memory stocks DRAM, MU, SKHY, and SNDK from July lows, noting their strong correlation in another update. These comments provide context for his ongoing coverage of technology and semiconductor sectors.