Nvidia Corporation could accumulate more than $1 trillion in cash by fiscal 2031, even while increasing capital expenditures, strategic investments, dividends, and share repurchases. The model assumes revenue growth moderates to 15% by fiscal 2031, gross margin settles near 72.5%, and non-GAAP EPS reaches approximately $28.30. More aggressive buybacks would have limited impact because NVDA's $5.3 trillion market capitalization makes retiring a meaningful percentage of shares prohibitively expensive.
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