Nvidia stock rises 233% in a year, could double again

In the United States, Nvidia Corp's shares closed at $138, reflecting an increase of 233% over the past year, which has elevated its market capitalization to over $3 trillion. Industry experts are expressing optimism regarding Nvidia's potential for further growth in valuation, with projections estimating a target of $4 trillion. Demand for GPU chips continues to be robust, driven by the expanding AI market. Analysts believe Nvidia's revenues could double in the coming years, bolstered by significant investments in AI technology. Goldman Sachs has pointed out that Nvidia is well-positioned to capitalize on growth opportunities in Inference compute, highlighting the company’s comprehensive approach to product development. The firm set a price target of $150. On the other hand, Bofa Securities maintained a 'Buy' rating and raised the stock's target price from $165 to $190, while the consensus price target from 38 analysts reached $234.49, suggesting substantial upside potential. As Nvidia approaches this new valuation milestone, it currently outstrips all American companies except Apple, which is below $4 trillion at $3.57 trillion. The bullish sentiment among experts indicates that the stock will continue to perform well, reinforced by increasing ROI for early adopters of AI technologies. The overall market response has been positive, reflecting confidence in Nvidia's future growth and its strategic direction in technology development. This significant rise in stock value and market capital indicates not only Nvidia's prominent role in the tech industry but also the broader implications for investment strategies focused on AI and machine learning as sectors experiencing exponential growth.