BofA's Vivek Arya models pro-forma EPS of $7.23 for fiscal 2028, which loosely lines up with calendar 2027. But that's based on Nvidia capturing an 80% to 85% share of the $325

billion to $350 billion total addressable market for data-center offerings. If you assume a greater TAM of $450 billion to $500 billion for the industry, Nvidia has a pathway to $10 in

earnings per share over that period, he noted.