The analysis focuses on NVIDIA stock with a target by the end of 2027, leveraging estimates from fiscal.ai. The current forward P/E of NVIDIA is 33. The earnings per share estimate for fiscal year 2028 is $9.46. A scenario analysis uses a forward P/E multiple of 33, resulting in a stock price target of $312.18. If the forward P/E multiple increases to 45, the target price could be $425.70. The analyst believes the AI market's growth and real-world AI applications provide catalysts for NVIDIA's growth, despite potential AI bubble concerns. He assumes the P/E multiple remaining around 33-35 and a potential 50% increase in stock price within the next two years.