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How high can Nvidia stock rise?

author:Lao Sun is at the forefront of science and technology

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Quick guide

Nvidia's stock has jumped 196% since last year, far beating expectations, with strong financial performance and revenue and earnings per share beating expectations for fiscal 2024. The company has also raised its revenue forecasts for 2025 and 2026 significantly, demonstrating a strong growth trajectory. Nvidia dominates the AI GPU market and will be a key player in the AI space, with the potential to capitalize on the growth in technology demand in the future. Strong performance in the PC GPU market further strengthened growth prospects. Analysts expect Nvidia's earnings to continue to grow strongly in the coming years, demonstrating the company's potential to deliver attractive returns to investors.

How high can Nvidia stock rise?

Nvidia's significant growth trajectory

In early June last year, an article was written with the same headline exploring the potential of Nvidia's (NASDAQ: NVDA) stock. The forecasts in the article significantly underestimate the actual performance of Nvidia stock. Since the article was published, Nvidia's stock price has jumped 196%, far exceeding initial expectations. Initial estimates were that the semiconductor company's share price would nearly double within three years, but the actual growth far exceeded those predictions.

How high can Nvidia stock rise?

Exceeding expectations: Nvidia's financial performance

Nvidia's financial performance has been exceptional, beating even the most optimistic Wall Street estimates. Analysts initially expected fiscal 2024 revenue of $42.9 billion and earnings per share of $7.68. However, Nvidia beat those forecasts by posting adjusted earnings per share of $12.96 on revenue of $60.9 billion. The company's revenue forecasts for fiscal years 2025 and 2026 have also been significantly revised upwards from earlier estimates, indicating a significant growth trajectory that will impress analysts and investors.

How high can Nvidia stock rise?

NVIDIA's vision for the future: an innovation leader

Nvidia's dominance in the AI graphics processing unit (GPU) market makes it a key player in the rapidly expanding AI space. With a significant market share and limited competition in this space, Nvidia is poised to capitalize on the growing demand for AI technology. In addition to AI, Nvidia's strong performance in the PC GPU market further solidifies its growth prospects. Analysts expect strong earnings growth for Nvidia in the coming years, reflecting the company's potential to deliver attractive returns to investors.