Nvidia (NASDAQ: NVDA) has seen its share price increase by 850% since January 2023, coinciding with the rise of artificial intelligence technologies like ChatGPT. The median 12-month target price among 73 analysts is $175 per share, suggesting a potential 25% upside from its current price of $140.
Dominating the data center GPU market with over 90% share, Nvidia is reinforcing its position by integrating adjacent hardware and software solutions. Market research anticipates a 35.9% annual growth in AI investment through 2030, and Nvidia is projected to grow earnings at 40% annually through January 2027. The company’s current valuation stands at 44 times earnings.
However, turning $50,000 into $1 million through Nvidia shares would require a 1,900% increase over the next decade—an unlikely scenario given that the company’s current market value is $3.4 trillion, while the entire S&P 500 is worth approximately $48 trillion today.
