Where Will Nvidia Stock Be in 3 Years?
Nvidia (NASDAQ: NVDA) stock has made investors significantly richer in the past three years, turning an investment of $1,000 into more than $4,500 as of this writing. This is thanks to the 354% jump in the company's shares during this period, on account of its dominant position in the lucrative market for artificial intelligence (AI) chips.
It is worth noting that shares of the chipmaker have handsomely outperformed the Nasdaq Composite's (NASDAQINDEX: ^IXIC) gains of 23% in the past three years. Nvidia's outstanding stock market returns have been powered by the terrific growth in its revenue and earnings, as customers and governments have been lining up to get their hands on its AI chips to train and deploy AI models.
Now that we are at the beginning of 2025, it would be a good time to take a closer look at Nvidia's prospects for the next three years and see if this high-flying AI stock can continue delivering more upside to investors in the future as well.
Source Fool.com
