Where Will Nvidia Be in 5 Years?
Nvidia (NASDAQ: NVDA) stock has been an outstanding performer on the market over the past five years, surging 582% and beating the S&P 500's returns of 58% by a handsome margin.
This means Nvidia has turned a $100 investment into nearly $700 as of this writing. But can this high-flying semiconductor stock sustain its impressive momentum over the next five years and deliver more gains to investors? Let's find out.
Nvidia reported annual revenue of $27 billion for fiscal year 2023, which ended on Jan. 29, 2023. For comparison, the chipmaker's revenue at the end of fiscal 2018 stood at $9.7 billion, which means that Nvidia's revenue has increased at a compound annual growth rate (CAGR) of almost 23% during these five years.
Source Fool.com
