Nvidia's Outlook for the Next Three Years
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 7 hours ago
0mins
Should l Buy NVDA?
Source: Yahoo Finance
- Data Center Investment Driving Growth: In 2023, tech giants like Alphabet, Meta, and Amazon are expected to collectively invest nearly $500 billion in AI-related capital expenditures, bolstering Nvidia's 81% market share in data center processors, with projected annual revenue of $468 billion and earnings of $246 billion by 2029, representing over threefold growth from fiscal year 2025.
- Stock Volatility and Growth Potential: While Nvidia's stock may experience volatility as some investors express concerns over an AI bubble, the ongoing increase in AI data center infrastructure spending and Nvidia's dominant position in AI processors suggest that its share price could outperform the S&P 500 over the next three years.
- Cautious Investor Sentiment: Given the recent pullback in tech and AI stocks, investors should temper their expectations for Nvidia, although the overall market enthusiasm for AI investments remains high, providing Nvidia with opportunities for substantial returns.
- Market Competition and Investment Advice: Despite Nvidia's strong performance in the AI sector, analysts have noted that it is not currently included in the list of top investment stocks, prompting investors to consider other potential high-return stocks for better investment outcomes.
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Analyst Views on NVDA
Wall Street analysts forecast NVDA stock price to rise
41 Analyst Rating
39 Buy
1 Hold
1 Sell
Strong Buy
Current: 186.940
Low
200.00
Averages
264.97
High
352.00
Current: 186.940
Low
200.00
Averages
264.97
High
352.00
About NVDA
NVIDIA Corporation is a full-stack computing infrastructure company. The Company is engaged in accelerated computing to help solve the challenging computational problems. The Company’s segments include Compute & Networking and Graphics. The Compute & Networking segment includes its Data Center accelerated computing platforms and artificial intelligence (AI) solutions and software; networking; automotive platforms and autonomous and electric vehicle solutions; Jetson for robotics and other embedded platforms, and DGX Cloud computing services. The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems, and Omniverse Enterprise software for building and operating industrial AI and digital twin applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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