Nvidia (NASDAQ: NVDA) has seen its stock price surge by 26,510% over the past decade as it transitioned from gaming to key roles in artificial intelligence (AI). The company has reported consistent double-digit revenue growth, outpacing competitors and contributing to its market cap of approximately $3.5 trillion, aligning with Microsoft.
The AI market is projected to expand at a compound annual growth rate that will exceed $2 trillion in the coming years, with Nvidia set to benefit significantly from this growth. The company plans to maintain its leadership in AI through ongoing research and development, ensuring new product launches through 2028.
Despite the extraordinary gains, Nvidia’s stock trades at 33 times forward earnings estimates, down from 50 earlier this year, suggesting further upside potential. Analysts continue to view Nvidia as a viable investment option even after its substantial rise.
