<div id="readability-page-1"><p>The artificial intelligence-fueled rally has been the foremost contributor to the major market indices’ sizable gains over the past several years. And one company in particular is at the vanguard: <strong>NVIDIA Corp. (NASDAQ: NVDA)</strong>. NVIDIA is the premier manufacturer of components critical to the surge in AI; namely, semiconductors, microchips, and graphic processing units (GPUs).</p> <p>As a result, the Santa Clara, Calif.-based company has seen its stock skyrocket in the recent past. Since the first day the market opened in 2023, shares have gained 628.75%, and in the decade from August 2014 to present, they are up a preposterous 22,553%. In June 2024, NVIDIA underwent its sixth stock split, further fueling demand for its shares as the company surged upward and is now the second largest by market cap.</p> <p>Despite those mind-boggling gains, analysts still expect enormous upside potential in the medium and long term. <strong>24/7 Wall Street</strong> has performed analysis to provide prospective investors and current shareholders with an idea of where NVIDIA’s stock might be headed over the course of the next five years.</p> <h2>Key Points in This Article:</h2> <ul> <li>NVIDIA’s track record of strong earnings suggests an ability to remain at the forefront of its industry, as competitors fight for the leftovers.</li> <li>Between NVIDIA’s client list of Magnificent Seven companies and the burgeoning trend in AI, growth in both revenue and net income is projected to continue its steep climb.</li> <li>If you’re looking for a megatrend with massive potential, make sure to grab a complimentary copy of our “The Next NVIDIA” report. This report breaks down AI stocks with 10x potential and will give you a huge leg up on profiting from this massive sea change.</li> </ul> <p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2016/10/thinkstockphotos-476732640.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1299" height="1299" original-src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2016/10/thinkstockphotos-476732640.jpg"/></p> <h2>NVIDIA News and Updates</h2> <p><strong>9/9/2024</strong></p> <p>Citi analysts warn that Nvidia’s role as a major driver of S&amp;P 500 returns may be fading, and the stock could become just another large-cap growth stock. Despite expecting continued profit growth, they see Nvidia’s best performance likely behind it. However, the stock jumped 3% on Monday as the broad market jumped after declines from last Friday’s jobs report.</p> <p><strong>9/6/2024 </strong></p> <p>Nvidia’s stock price fell by 4.5% today. This is due to two major events this week. First, the Department of Justice’s potential investigation for possible antitrust violations. And second, the U.S. Labor Department released disappointing job numbers today, leading many investors to worry about the economy.</p> <p><strong>9/5/2024</strong></p> <p>Nvidia stock continued to significantly decline yesterday, resulting in a $10 billion loss in personal wealth for CEO Jensen Huang. However, the company’s shares have shown a slight rebound today. While the stock is still below its 50-day moving average, this recent increase suggests investors might be regaining confidence in the company’s future.</p> <p><strong>9/04/2024</strong></p> <p>Yesterday, Bloomberg News announced that the U.S. Department of Justice issued Nvidia a subpoena as part of an antitrust investigation. Following this update, investors sold $279 billion worth of Nvidia shares (9.5% of the company’s stock). However, today Nvidia asserts that a subpoena had not been served to the company.</p> <p><strong>9/03/2024</strong></p> <p>Nvidia shares dropped over 9% on Tuesday, closing at $108, marking the steepest decline among the “Magnificent Seven” stocks as the market broadly retreated. Despite recent quarterly results that exceeded expectations, concerns over declining gross margins have weighed on the stock, though analysts remain optimistic about a potential rebound with the upcoming production of Nvidia’s next-generation Blackwell chip.</p> <h2>NVIDIA’s Recent Stock Success</h2> <p>Unless you have been living under a rock, chances are you have caught wind of the very well-documented and rather exponential surge in NVIDIA’s share price since 2022. But before 2022’s price-per-share explosion, it was steadily appreciating as it underwent a series of stock splits.</p> <table> <tbody> <tr> <td><strong>Year</strong></td> <td><strong>Share Price*</strong></td> <td><strong>Revenue**</strong></td> <td><strong>Net Income**</strong></td> </tr> <tr> <td>2014</td> <td>$0.51</td> <td>$4.130</td> <td>$0.588</td> </tr> <tr> <td>2015</td> <td>$0.82</td> <td>$4.681</td> <td>$0.800</td> </tr> <tr> <td>2016</td> <td>$2.67</td> <td>$5.010</td> <td>$0.929</td> </tr> <tr> <td>2017</td> <td>$4.88</td> <td>$6.910</td> <td>$1.851</td> </tr> <tr> <td>2018</td> <td>$3.24</td> <td>$9.714</td> <td>$3.085</td> </tr> <tr> <td>2019</td> <td>$5.98</td> <td>$11.716</td> <td>$4.143</td> </tr> <tr> <td>2020</td> <td>$13.06</td> <td>$10.918</td> <td>$3.580</td> </tr> <tr> <td>2021</td> <td>$29.64</td> <td>$16.675</td> <td>$6.277</td> </tr> <tr> <td>2022</td> <td>$14.61</td> <td>$26.914</td> <td>$11.259</td> </tr> <tr> <td>2023</td> <td>$49.52</td> <td>$26.974</td> <td>$8.366</td> </tr> </tbody> </table> <p><span>*Post-split adjusted basis<br/> **Revenue and net income in $billions</span></p> <p>Over the course of the last decade, NVIDIA’s revenue grew by more than 553% while its net income increased by just over 1,323%. The company experienced a slight contraction in revenue and net income in 2020 due to the COVID-19 pandemic, but it rebounded soundly the following year and has continued to steadily grow both metrics since. Meanwhile, shares were able to increase by 9,610% from 2014 to 2023.</p> <p>As the AI lynchpin looks forward to the second half of the decade, <strong>24/7 Wall Street</strong> has identified three key drivers that are likely to impact its growth metrics and stock performance through 2030.</p> <h2>Key Drivers of NVIDIA’s Stock Performance</h2> <ol> <li><strong>Stronghold on the GPU Industry:</strong> No one makes GPUs like Nvidia makes GPUs, and the industry demanding them is well aware of that. While semiconductor competitors like <strong>Advanced Micro Devices Inc. (NASDAQ: AMD)</strong> and <strong>Taiwan Semiconductor Manufacturing Company Ltd. (NYSE: TSM)</strong> do command some attention in their respective corners of the market, simply comparing the three companies’ market caps demonstrates the discrepancies between NVIDIA and, well, every other company. While Advanced Micro Devices and Taiwan Semiconductor Manufacturing have respectable market caps of $217.44 billion and $700.25 billion, respectively, those are dwarfed by NVIDIA’s $2.52 <em>trillion</em>.</li> <li><strong>Demand From Unrivaled Tech Customers:</strong> The company’s primary clientele are the other members of the Magnificent Seven, which are leading the way forward in the AI revolution. In fact, only four Big Tech rival companies — <strong>Alphabet Inc. (NASDAQ: GOOGL)</strong>, <strong>Amazon.com Inc. (NASDAQ: AMZN)</strong>, <strong>Meta Platforms Inc. (NASDAQ: META</strong>), and <strong>Microsoft Corp. (NASDAQ: MSFT)</strong> — account for 40% of NVIDIA’s revenue as they vie with one another to become the front runner of the transition to generative AI.</li> <li><strong>The AI Trend Is Just Getting Started:</strong> According to Grand View Research, the market size of AI in 2023 was $196.63 billion. As large as that seems, it pales in comparison to where the market is headed. From 2024 to 2030, it is expected that the industry will grow at an astounding compound annual growth rate (CAGR) of 36.6%, with “continuous research and innovation directed by tech giants [that] are driving adoption of advanced technologies in industry verticals, such as automotive, healthcare, retail, finance, and manufacturing,” according to Grand View Research’s report.</li> </ol> <p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2017/12/nv_grid_angled.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="830" height="830" original-src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2017/12/nv_grid_angled.jpg"/></p> <h2>NVIDIA (NVDA) Price Prediction in 2025</h2> <p>The current consensus median one-year price target for NVIDIA, according to analysts, is $144.50, which represents nearly 37.75% potential upside over the next 12 months based on the current share price of $106.47. Of all the analysts covering NVIDIA, the stock is a consensus buy, with a 1.33 ‘Buy’ rating on a scale from 1 (‘Strong Buy’) to 5 (‘Strong Sell’).</p> <p>However, by the end of 2025, <strong>24/7 Wall Street</strong>‘s forecast projects shares of NVIDIA to be trading for $137.50 based on a projected EPS of $2.75 and a price-to-earnings (P/E) ratio of 50, with a best-case scenario of $192.50 per share and a worst-case scenario of $82.50 per share.</p> <h2>NVIDIA (NVDA) Stock Forecast Through 2030</h2> <table> <tbody> <tr> <td><strong>Year</strong></td> <td><strong>Revenue*</strong></td> <td><strong>Net Income*</strong></td> <td><strong>EPS</strong></td> </tr> <tr> <td>2025</td> <td>$121.255</td> <td>$68.392</td> <td>$2.75</td> </tr> <tr> <td>2026</td> <td>$168.151</td> <td>$95.246</td> <td>$3.83</td> </tr> <tr> <td>2027</td> <td>$193.852</td> <td>$108.182</td> <td>$4.44</td> </tr> <tr> <td>2028</td> <td>$225.462</td> <td>$130.155</td> <td>$5.28</td> </tr> <tr> <td>2029</td> <td>$236.498</td> <td>$152.001</td> <td>$6.16</td> </tr> <tr> <td>2030</td> <td>$265.522</td> <td>$175.412</td> <td>$7.24</td> </tr> </tbody> </table> <p><span>*Revenue and net income in $billions</span></p> <h2>How NVIDIA’s Next Five Years Could Play Out</h2> <p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2024/09/nvda-chart-9-9.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1600" height="900" original-src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2024/09/nvda-chart-9-9.png"/></p> <p>At the end of 2025, we expect to see revenue, net income and EPS rise 99%, 111.66%, and 111.54%, respectively. That would result in a share price of $137.50, or 29.14% higher than where the stock is currently trading. Our high-end price target is $192.50, while our low-end price target is $82.50.</p> <p>When 2026 concludes, we forecast NVIDIA’s revenue to be $168.151 billion resulting in a net income of $95.246 billion. That year would end with a per-share price of $191.50, representing a gain of 79.86% compared to its share price today. Our high-end price target is $268.10, while our low-end price target is $114.90.</p> <p>When 2027 concludes, we forecast NVIDIA’s revenue to be $193.85 billion resulting in a net income of $108.182 billion. That year would end with a per-share price of $222.00, representing a gain of 108.51% compared to its share price today. Our high-end price target is $310.80, while our low-end price target is $133.20.</p> <p>When 2028 concludes, we forecast NVIDIA’s revenue to be $225.462 billion resulting in a net income of $130.155 billion. That year would end with a per-share price of $264.00, representing a gain of 147.96% compared to its share price today. Our high-end price target is $369.60, while our low-end price target is $158.40.</p> <p>When 2029 concludes, we forecast NVIDIA’s revenue to be $236.498 billion resulting in a net income of $152.001 billion. That year would end with a per share price of $308.00, representing a gain of 189.28% compared to its share price today. Our high-end price target is $431.20, while our low-end price target is $184.40.</p> <h2>NVIDIA’s Price Target for 2030</h2> <p>By the conclusion of 2030, <strong>24/7 Wall Street</strong> estimates that NVIDIA’s stock will be trading for $362.00, good for a 240% increase over today’s share price, based on an EPS of $7.24 and a P/E ratio of 50. Our high-end price target is $506.80 based on an EPS of $7.24 and a P/E ratio of 70. Meanwhile, our low-end price target is $217.20 based on an EPS of $7.24 and a P/E ratio of 30.</p> <table> <tbody> <tr> <td><strong>Year</strong></td> <td><strong>Price Target</strong></td> <td><strong>% Change From Current Price</strong></td> </tr> <tr> <td>2025</td> <td>$137.50</td> <td>29.14%</td> </tr> <tr> <td>2026</td> <td>$191.50</td> <td>79.86%</td> </tr> <tr> <td>2027</td> <td>$222.00</td> <td>108.51%</td> </tr> <tr> <td>2028</td> <td>$264.00</td> <td>147.96%</td> </tr> <tr> <td>2029</td> <td>$308.00</td> <td>189.28%</td> </tr> <tr> <td>2030</td> <td>$362.00</td> <td>240.00%</td> </tr> </tbody> </table>  <div> <div id="smartasset"> <h2><b>Want to Retire Early? Start Here (Sponsor)</b><b></b></h2> <p>Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?</p> <p>Now you can speak with up to 3 financial experts in your area for <strong>FREE</strong>. 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<p>NVIDIA Corp. (NASDAQ: NVDA) has been a leading force in the AI sector, driving substantial gains in major market indices with a staggering 628.75% increase in share price since the beginning of 2023, and 22,553% growth over the last decade. Despite recent stock fluctuations and warnings about its fading dominance among large-cap stocks, analysts remain optimistic about its growth prospects in a booming AI market. Recent financial reports indicate robust revenue and net income growth, while upcoming product launches, including the new Blackwell chip, hint at further potential for recovery and gains.</p>