Is Nvidia Stock Going to $300?

Nvidia (NASDAQ: NVDA) has been a big winner on the stock market in recent years, primarily driven by the company's dominance in the market for artificial intelligence (AI) chips.

An investment of $1,000 in this semiconductor stock three years ago is now worth just under $8,601. Nvidia stock is now trading around $183 a share, and it is worth noting that its flat share price performance over the past six months is lower than the 39% jump in the PHLX Semiconductor Sector index over the same period.

Does this mean Nvidia stock has run its course and it is now time to book profits, or will it regain its mojo and head toward $300 a share? Let's find out.

Source Fool.com