Prediction: This Will Be Nvidia’s Stock Price in 2030
Nvidia (NVDA 2.54%) has wowed investors with its stock performance over the past several years — whether you look through a short-term or long-term lens, this artificial intelligence (AI) giant has scored a win. For example, it’s heading for a 35% gain this year, adding to an eye-popping 2,100% increase over the previous five years.
There’s an obvious reason for this fantastic performance, and that’s the fact that Nvidia has been generating enormous levels of revenue from its AI business — and this, at high levels of profitability. In the most recent full year, Nvidia reported revenue of more than $130 billion, and gross margin exceeded 70%.
The AI market promises more growth ahead, and investors now…
