Could Nvidia Stock Double in the Next Year?
Tue, Sep 10, 2024 1:30 PM

Could Nvidia Stock Double in the Next Year?

A Flip by Shubhangi Gupta
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Nvidia's stock has risen 240% in 2023 and 108% in 2024, driven by demand for its GPUs in AI computing, with revenue up 122% year-over-year to $30 billion. While the company's growth is impressive, its stock is unlikely to double in the next year, as its valuation is already high and Wall Street has priced in 33% earnings growth.

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