Where Will Nvidia Stock Be in 1 Year?
Nvidia (NASDAQ: NVDA) stock has been a fantastic performer over the short and long terms. Shares of the artificial intelligence (AI) technology giant have gained 121% so far this year through May 31. Over the last decade, shares have returned 24,140%, which has transformed a $1,000 investment into more than $242,000. These gains have crushed the market, as the S&P 500 index returned 11.3% and 230%, respectively, over these periods.
At some point, Nvidia stock will not be able to keep up its current phenomenal performance. However, the company -- and therefore, its stock -- still has strong growth potential in at least the near term. Below are my predictions for the company and its stock one year from now, or in late May/early June 2025.
Nvidia co-founder and CEO Jensen Huang turned 61 earlier this year, according to public records, so he's certainly young enough to continue in his role for some time, assuming he stays healthy. It's obvious from Nvidia's quarterly earnings calls and interviews with Huang that he's not only brilliant, but passionate about his work.
Source Fool.com
