Prediction: Nvidia Stock Will Soar in 2025. Here's Why.
The past couple of years have been a nonstop thrill ride for Nvidia (NASDAQ: NVDA) investors. The company had a market cap of just $359 billion to kick off 2023. Now, its value has soared to more than $3.35 trillion (as of this writing) -- a more than ninefold increase in less than two years.
Driving the parabolic move are the company's graphics processing units (GPUs), which quickly became the gold standard for powering artificial intelligence (AI). This has fueled revenue that jumped 480% and net income that surged 1,270% since the start of 2023.
Investors shouldn't expect growth of that magnitude to continue, but there's plenty of evidence that Nvidia still has plenty of gas in the tank. Many of the world's biggest tech companies continue to invest heavily to upgrade their infrastructure to handle the rigors of AI -- and for most of them, that means stocking up on Nvidia's state-of-the-art processors.
Source Fool.com
