Where Will Nvidia Stock Be in 5 Years?
An investment of just $1,000 in shares of Nvidia (NASDAQ: NVDA) five years ago is now worth $16,000 as of this writing. The stock's outstanding jump during this period is justified as Nvidia has delivered a remarkable increase in its revenue and earnings, thanks to artificial intelligence (AI).
Investors, however, may now be wondering if Nvidia can continue to remain a top growth stock over the next five years as well. After all, it is now the largest company in the world with a market cap of more than $4 trillion. This huge market cap makes it difficult for Nvidia to replicate its multibagger returns over the next five years, as a 16x jump in its share price would send its market cap beyond $64 trillion.
The global economy is expected to be worth $144.5 trillion in 2028. So, Nvidia accounting for nearly 45% of the global gross domestic product (GDP) seems absurd as compared to its current share of around 3.5%.
Source Fool.com
